On Thursday, an Abuja Federal High Court decided to adjourn the money laundering trial involving Binance and two of its executives to May 13.
The trial concerns Binance, Tigran Gambaryan, a U.S. citizen and head of financial crime, and Nadeem Anjarwalla, who are accused of laundering over $35 million.
Economic and Financial Crimes Commission (EFCC) initiated the lawsuit, which was scheduled to resume on May 2 but got adjourned.
Anjarwalla, a British Kenyan, reportedly fled Nigerian authorities and is now in Kenya.
Furthermore, the court postponed a tax evasion trial against cryptocurrency exchange Binance and the two executives to May 17 due to a delay in formally serving the charges to the exchange.
Gambaryan’s lawyer, Chukwuka Ikuazom, raised an objection, citing Nigerian law that requires all jointly charged parties to be served before entering a plea.
As a result, Judge Emeka Nwite adjourned the case to May 17 for a ruling.
Binance, Gambaryan, and Anjarwalla are facing four counts related to tax evasion, including the failure to register with Nigeria’s Federal Inland Revenue Service (FIRS) for tax remittance.
In court, Binance had no representative present and did not comment immediately, stating that they were cooperating with Nigerian authorities after Gambaryan’s detention.
Last Tuesday, EFCC urged Justice Emeka Nwite of the Federal High Court Abuja to reject Gambaryan’s bail application.