Binance Trial in Nigeria is Postponed

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An alleged tax evasion case involving cryptocurrency exchange Binance and two of its top managers in Nigeria has been postponed by the court until May 17.

According to local publication Business Day, on February 25, Nigerian authorities detained Tigran Gambaryan, the vice president for global intelligence and investigations, and Nadeem Anjarwalla, the director of the exchange in West and East Africa.

Anjarwalla managed to escape from custody in March and left the country illegally. The court stated that the reason for the postponement was that the Federal Tax Service of Nigeria had not formally charged Binance.

The department’s lawyer argued that Gambaryan should face charges on behalf of the exchange.

However, Gambaryan’s lawyer noted that under Nigerian law, a client cannot admit guilt until the main defendant in the case, the platform, is charged.