April 17, 2024

Court Adjourns Hearings for Binance Executives 



A Federal High Court in Abuja has adjourned the money laundering suit against Binance and its officials till April 8.


The trial judge, Justice Emeka Nwite, adjourned the matter for ruling after listening to parties’ submission on the service of the charge on Binance Holdings Limited.


The arraignment could not go on as the second defendant (Gambaryan) had not been served with the charge by the Federal Inland Revenue Service (FIRS).


Gambaryan and Nadeem Anjarwalla (in absentia) were dragged before the court over allegations of tax evasion


Counsel to the second defendant drew the attention of the court to the fact that his client, whom the federal government scheduled for arraignment, did not have an idea of the charges against him.


Counsel to the FIRS who told the court that service on the 2nd defendant had been difficult as he has been in custody.


Counsel to the FIRS, therefore, prayed for the court to grant leave so that the second defendant could be served in court.


The court ordered that the defendant be served in court.


The prosecution prayed the court for an adjournment to enable the defendant to go through the charge and be ready to take his plea.

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