A Nigerian court has scheduled the verdict for the tax evasion trial against Binance for October 11. Binance faces four counts of tax evasion, including failing to register with Nigeria’s Federal Inland Revenue Service （FIRS）.
Points
- Binance’s tax evasion verdict scheduled for October 11.
- Four counts of tax evasion against Binance.
- FIRS dropped allegations against two Binance executives.
- Court decision to allow further evidence review and preparation.
A Nigerian court has set the verdict date for the tax evasion trial against cryptocurrency exchange Binance for October 11. Binance is facing four counts of tax evasion, including charges related to its failure to register with Nigeria’s Federal Inland Revenue Service （FIRS）.
In the recent hearing, Binance’s legal representative, Omotilewa, urged the judge to dismiss the charges, arguing that the case lacks substance, similar to the previous dismissal of charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. The court’s decision followed FIRS’ submission of amended charges that effectively dropped the tax evasion allegations against the two executives.
Judge Nwite’s decision to adjourn the case until October allows for further deliberation and review of the evidence presented. This adjournment gives both the defense and the prosecution additional time to prepare their respective cases, ensuring a thorough examination of the evidence.
解説
- Tax Evasion Charges: Binance faces four counts of tax evasion, including failure to register with Nigeria’s FIRS.
- Executive Dismissal: Previous charges against Binance executives were dismissed, highlighting potential weaknesses in the case.
- Adjournment: The court’s decision to adjourn the case allows for further evidence review and preparation, ensuring a comprehensive trial.
- Legal Strategy: Binance’s legal team is actively challenging the charges, aiming for a dismissal similar to that of the executives’ case.
- Impact on Binance: The outcome of this trial could have significant implications for Binance’s operations in Nigeria and its compliance practices globally.