Court to rule on Binance tax evasion case October 11

Justice Emeka Nwite of the Federal High Court, Abuja, has fixed October 11 for ruling in the trial of the popular cryptocurrency platform, Binance Holdings Limited, for alleged tax evasion.

The Federal Government arraigned the platform and its two directors on a four-count charge of tax evasion after it failed to register with the Federal Inland Revenue Service (FIRS) for tax purposes.

The crypto firm’s lawyer, Ayodele Omotilewa, appeared in court on Friday and pleaded not guilty to the charges.