A Federal High Court in Abuja, on Tuesday, adjourned the tax evasion case instituted by the Federal Government against Binance Holdings Limited until July 9, as both parties continue discussions aimed at an out-of-court settlement.

Justice Emeka Nwite fixed the new date after counsel to Binance, Chukwuka Ikwuazom, SAN, and the Federal Government’s lawyer, Omotola Fatogun, informed the court that negotiations were ongoing.

Binance had earlier indicated its willingness to pursue an amicable resolution of the dispute when the matter came up on March 24.

At Tuesday’s proceedings, another counsel to the cryptocurrency firm, Sunday Adaji, told the court that engagement between the parties was still in progress.

Moses Ideho, Deputy Director in the Legal Department of the Federal Inland Revenue Service (FIRS), confirmed the position on behalf of the government.

The Federal Government had re-arraigned Binance Holdings Limited on July 12, 2024, on a four-count charge bordering on alleged tax evasion.

Ayodele Omotilewa, identified as the company’s Nigerian representative, entered a not guilty plea on behalf of Binance before Justice Nwite.

The re-arraignment followed the removal of Binance executive Tigran Gambaryan and his colleague, Nadeem Anjarwalla, from the charge after the prosecution amended its case to list Binance as the sole defendant.

Justice Nwite, in a ruling delivered on June 14, 2024, discharged and struck out the names of Gambaryan and Anjarwalla after the amended charge, dated June 13, was filed by the prosecution.

Binance is also facing a separate money laundering trial instituted by the Economic and Financial Crimes Commission (EFCC) before the same judge. The anti-graft agency alleged that the cryptocurrency platform laundered about $35.4 million.

In another related matter, the FIRS is pursuing a civil suit against Binance before Justice Mohammed Umar, seeking approximately $79.5 billion in damages over alleged economic losses linked to the company’s operations in Nigeria.

Follow Our WhatsApp Channel _______________________________________________________________________

“Order Your Copy Now” — Basil Momodu, Esq. Unveils Second Edition Of His Book, "Civil Procedure In Nigeria"

According to the learned author, Basil Momodu Esq. "Law review is a continuum. We will continue to track changes in the law to enrich future editions." Recommended Booksellers: Lagos: 08033855230, Abuja: 08035991379, and others. _______________________________________________________________________

[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials

“Evidence Act: Complete Annotation” by renowned legal experts Sanni & Etti.

Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation

______________________________________________________________________ ARTIFICIAL INTELLIGENCE FOR LAWYERS: A COMPREHENSIVE GUIDE Reimagine your practice with the power of AI “...this is the only Nigerian book I know of on the topic.” — Ohio Books Ltd Authored by Ben Ijeoma Adigwe, Esq., ACIArb (UK), LL.M, Dip. in Artificial Intelligence, Director, Delta State Ministry of Justice, Asaba, Nigeria. Bonus: Get a FREE eBook titled “How to Use the AI in Legalpedia and Law Pavilion” with every purchase.

How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌐 Website: www.benadigwe.com

Ebook Version: Access directly online at: https://selar.com/prv626

______________________________________________________________________ “Bridging Theory And Courtroom Practice” — Hagler Sunny Okorie, Nathaniel Ngozi Ikeocha Unveil ‘Functional’ Tort Law Book For Nigerian Legal System The book, titled The Law of Torts in Nigeria: A Functional Approach, authored by Professor Hagler Sunny Okorie Ph.D and Ikeocha, Nathaniel Ngozi Esq, offers law students, practitioners, and academics a comprehensive guide to understanding and applying tort law in Nigerian courts. Interested buyers can place orders via the following contact numbers: 08028636615, 08037667945, 08032253813, or +234 902 196 2209. ______________________________________________________________________ “Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence

Interested buyers are encouraged to place their orders and enquiries via: 0704 444 4777, 0704 444 4999, 0818 199 9888 Website: www.alexandernigeria.com