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CryptoIntelligence 2024-07-14 19:02:00

Nigerian Court Sets Verdict Date for Binance Tax Evasion Trial

A Nigerian court has set October 11 as the date for delivering the verdict in the tax evasion trial against cryptocurrency exchange Binance. The exchange is facing four counts of tax evasion, including failure to register with Nigeria’s Federal Inland Revenue Service (FIRS). Binance lawyer Ayodele Omotilewa appeared in court on July 12 and entered a not-guilty plea to all charges before Judge Emeka Nwite. Omotilewa argued for the dismissal of the charges, citing lack of substance, similar to the dismissal of charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla in June. The executives were cleared of tax evasion

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