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Post: Tax Evasion Trial Involving Binance in Nigeria Adjourned to May 17

Tax Evasion Trial Involving Binance in Nigeria Adjourned to May 17

Key Points:

  • The tax evasion trial involving cryptocurrency exchange Binance and its executives in Nigeria has been adjourned to May 17 due to Binance not being formally served with the charges.
  • The Federal Inland Revenue Service (FIRS) has not yet served Binance with the tax evasion charges.
  • Gambaryan’s lawyer argued that he couldn’t plead until Binance, the primary defendant, was served, as per Nigerian law.

Adjournment Due to Binance Not Being Served:

The tax evasion trial involving Binance and its executives in Nigeria has been postponed to May 17 because Binance had not been officially served with the charges. This delay was based on procedural requirements.

Failure to Serve Binance with Charges:

The Federal Inland Revenue Service (FIRS) has not completed the formal service of tax evasion charges to Binance, leading to the adjournment of the trial. This delay highlights a key aspect in legal proceedings where all involved parties must be properly served.

Legal Procedural Objections:

Gambaryan’s lawyer cited Nigerian law, pointing out that pleading could not proceed until Binance, the primary defendant, was served. This adherence to legal procedures underscores the importance of due process in legal matters.

Hot Take:

Ensuring proper legal procedures are followed, such as serving all parties involved with charges, is crucial in maintaining fairness and integrity in trials. The adjournment highlights the significance of legal formalities in ensuring a just legal process.

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