Judge’s absence stalls FIRS’ tax evasion case against Binance

The tax evasion charge filed by the Federal Inland Revenue Service (FIRS) against Binance Holdings Limited could not be heard on Wednesday due to the absence of the judge.
The trial judge, Justice Emeka Nwite of the Federal High Court in Abuja, did not sit because he was said to be on another official engagement.
The matter, which was scheduled for the continuation of the cross-examination of the third prosecution witness, was, however, adjourned until October 14 for hearing.
Binance Holdings Limited was, on July 12, 2024, re-arraigned on a four-count charge bordering on tax evasion allegations.
Nigerian representative of Binance, Ayodele Omotilewa, took a plea on behalf of the company before Mr Nwite. He pleaded not guilty to the four counts.
The re-arraignment before the judge followed the discharge of the cryptocurrency firm’s executive, Tigran Gambaryan, and his fleeing colleague, Nadeem Anjarwalla, from the alleged offence.
Mr Nwite, in a ruling on June 14, 2024, discharged and struck out Messrs Gambaryan and Anjarwalla’s names from the charge after FIRS’ counsel, Moses Ideho, filed a fresh amended charge wherein Binance is listed as the sole defendant.
The amended charge was dated June 13, 2024, but filed June 14, 2024.
The Economic and Financial Crimes Commission is also prosecuting the cryptocurrency company on allegations bordering on money laundering offences.
The anti-graft agency accused Binance of money laundering to the tune of $35.4 million.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

NationWide
HEDA’s leadership approval rating 2025 spotlights state electoral commissions
Mr Arigbabu said, “Some respondents have even proposed the abolishing of SIECs and transferring their functions to INEC due lack of credibility.’’

Hot news Home top
Tinubu’s govt constructing false narrative to arrest opposition leaders: ADC
The ADC is not interested in truncating democracy.

Economy
IMF hails Nigeria’s revenue management under Zacch Adedeji
Koleosho lauded IMF collaboration with FIRS in portfolio management and compliance programme.

Economy
IMF’s 3.4% economic growth projection underrepresents Nigeria’s potential: Tinubu’s Group
The IMF cautioned that on a per capita basis, Nigeria’s economic growth remains low

States
Ekiti moves statewide endorsement for Tinubu, Oyebanji to July 28
The statement noted that the organising committee appreciated the media and the public for their continued support.

Hot news Home top
After forcing Ganduje to resign as APC Chairman, Tinubu compensates him with FAAN board chair
Mr Ganduje said, “As a board, we will assist you in moving this ministry to the next level.’’