The Federal High Court in Abuja has again adjourned the tax evasion case filed by the Federal Government against Binance Holdings Limited.
Justice Emeka Nwite fixed September 24, 2026, for a report of settlement or continuation of trial.
The adjournment followed an application by counsel to the Federal Government, Moses Ideho, who informed the court that parties were still considering reconciliation.
The matter had earlier been scheduled for Thursday for parties to report on the progress of settlement discussions.
At the previous sitting on May 12, Justice Nwite fixed the date after lawyers representing Binance and the Federal Government told the court that discussions were ongoing on a possible out-of-court resolution.
Binance had earlier indicated interest in resolving the tax dispute amicably.
When the case came up on Thursday, Ideho, a Deputy Director of Legal and Prosecution at the Federal Inland Revenue Service, now the Nigeria Revenue Service, said the matter was listed either for settlement report or continuation of trial.
He, however, told the court that the proceedings could not continue for two reasons.
According to him, one reason was the reported elevation of Justice Nwite to the Court of Appeal, a development he said the parties had welcomed.
Ideho also explained that both sides were still exploring settlement in relation to the charge that gave rise to the case.
Counsel to Binance, Sunday Agaji, did not oppose the request for adjournment.
Justice Nwite thereafter adjourned the case until September 24 for a settlement report or continuation of trial.
Binance Holdings Limited was re-arraigned on July 12, 2024, on a four-count charge bordering on alleged tax evasion.
The company’s Nigerian representative, Ayodele Omotilewa, appeared in court and entered a plea on behalf of Binance before Justice Nwite.
He pleaded not guilty to all four counts.
The re-arraignment followed the removal of Binance executives Tigran Gambaryan and Nadeem Anjarwalla from the charge.
In a ruling delivered on June 14, 2024, Justice Nwite discharged Gambaryan and Anjarwalla from the tax evasion case after the prosecution filed an amended charge naming Binance as the sole defendant.
The amended charge was dated June 13, 2024, and filed on June 14, 2024.
Apart from the tax evasion proceedings, Binance is also facing a separate money laundering case filed by the Economic and Financial Crimes Commission before the same judge.
The EFCC accused the cryptocurrency company of money laundering involving $35.4 million.
Binance is also involved in another civil action before Justice Mohammed Umar of the Federal High Court, where the tax authorities are seeking $79.5 billion over alleged economic losses linked to the company’s operations in Nigeria.
The cases are part of Nigeria’s broader regulatory actions involving cryptocurrency platforms and digital asset operations in the country.
