Court Delays Binance Trial for Alleged Tax Evasion Until April 8

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The Federal High Court in Abuja has postponed the planned arraignment of Binance Holdings Limited and its top officials, Tigran Gambaryan and Nadeem Anjarwalla, on charges of tax evasion. The trial will now take place on April 8 due to the Economic and Financial Crimes Commission’s failure to serve the charge on the company.

One of the defendants, Anjarwalla, the Africa Regional Manager of Binance, had previously escaped custody, prompting the government to seek his arrest and extradition for trial. Alternatively, the Administration of Criminal Justice Act, 2015, allows for his trial in absentia.

During the recent court session, counsel to the 2nd defendant, Gambaryan, objected to the prosecution’s attempt to serve the charge meant for the company to his client. He argued that his client was not authorized to receive service on behalf of the company.

However, the EFCC argued that the 2nd defendant is a representative of the company and should accept service on its behalf. The court is yet to make a decision on the matter.


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