A Nigerian court has postponed the high-profile tax evasion case against Binance to April 30. This delay will allow the Federal Inland Revenue Service (FIRS) to address a procedural objection raised by the cryptocurrency company.

According to a April 7, 2025 report by Reuters, Binance’s legal counsel, Chukwuka Ikwuazom, objected to a court order that allowed legal documents to be served via email. Ikwuazom argued that, being based in the Cayman Islands, Binance should not have been served in that manner without proper court approval.

“The order for the substituted service granted on February 11, 2025, is improper and should be annulled,” claimed Ikwuazom during the proceedings.

Nigeria’s Tax Authority Initially Filed Against Binance Over Alleged $2 Billion in Unpaid Taxes

The FIRS filed the lawsuit in February, claiming that Binance owes nearly $2 billion in unpaid taxes. The service also asserted that Binance’s operations have affected the devaluation of Nigeria’s currency, prompting a claim of $79.5 billion in damages.

FIRS argued that Binance has a significant presence in Nigeria and should be liable for corporate income taxes for 2022 and 2023, proposing a 10% annual penalty on the unpaid taxes along with approximately 27% interest.

This case is part of a wider crackdown against Binance in Nigeria. In February 2024, two executives from Binance, Tigran Gambaryan and Nadeem Anjarwalla, were detained over allegations of tax evasion and money laundering. The Nigerian authorities later dropped the tax charges against both in June, and the remaining charges against Gambaryan were dismissed in October. Anjarwalla fled custody in March 2024 to Kenya, and Gambaryan, a U.S. citizen, returned home later that year after suffering health issues during his detention.

In response to the mounting legal challenges, Binance ceased its support for naira-based transactions and exited the Nigerian market in March 2024.

Despite Legal Challenges, Binance Expands Globally

In November, a former employee of Binance initiated legal action against the firm’s UK division, citing wrongful dismissal and bribery allegations. The plaintiff, Amrita Srivastava, claimed she was dismissed unfairly shortly after raising misconduct concerns regarding a colleague.

Amid these challenges, Binance is accelerating its global expansion. Earlier this year, it launched Binance Thailand, collaborating with Gulf Innova, a subsidiary of Gulf Energy Development. The platform is now integrated with local Thai banks and has partnered with Binance Kazakhstan for brokerage services, all under the oversight of Thailand’s SEC. Recently, Binance’s Indonesian subsidiary, Tokocrypto, confirmed it has received a full license from the country’s Commodity Futures Trading Regulatory Agency