By SUNTV Global Channel News Desk
Thursday, July 9, 2026 | Abuja, Nigeria
The Federal High Court in Abuja has adjourned the alleged tax evasion case involving Binance Holdings Ltd. and the Nigerian government until September 24, 2026, as both parties continue efforts to resolve the dispute through an out-of-court settlement.
The case was adjourned by Justice Emeka Nwite after counsel representing the Nigeria Revenue Service, Moses Ideho, informed the court that negotiations between the government and Binance were still ongoing.
Ideho also noted that proceedings could not continue due to the reported elevation of Justice Nwite to the Court of Appeal and the ongoing settlement discussions.
Counsel to Binance, Sunday Agaji, did not oppose the request, prompting the court to adjourn the matter to September 24 for either a settlement report or the continuation of trial.
Binance was re-arraigned on July 12, 2024, on a four-count charge bordering on alleged tax evasion after the company became the sole defendant in the case. Its Nigerian representative, Ayodele Omotilewa, pleaded not guilty to all charges on behalf of the company.
The re-arraignment followed the removal of former Binance executives Tigran Gambaryan and Nadeem Anjarwalla from the charge after the prosecution amended its case.
Apart from the tax evasion proceedings, Binance is also facing a separate money laundering case instituted by the Economic and Financial Crimes Commission, involving allegations amounting to $35.4 million.
The cryptocurrency exchange is also defending a civil suit in which the Nigeria Revenue Service is seeking $79.5 billion in damages over alleged economic losses the government claims resulted from the company’s operations in Nigeria.
The outcome of the ongoing settlement discussions is expected to determine whether the matter will be resolved outside the courtroom or proceed to full trial when the case resumes in September.
