The Nigerian court postpones hearing for Binance case
The Nigerian court has postponed the hearing of the case against the cryptocurrency exchange Binance. The court proceedings were adjourned after Binance’s lawyer complained that the prosecution did not timely provide the evidence needed to prepare for the hearing. Now the lawyer has the opportunity to review new documents totaling over 300 pages.
The case, initiated by the Economic and Financial Crimes Commission of Nigeria (EFCC), includes charges of money laundering and tax evasion. The charges of tax evasion are being considered in a separate legal process.
In addition, Binance’s regional manager for Africa, Nadim AnjRavall, who had escaped custody in Nigeria, has been detained in Kenya. Kenyan law enforcement authorities are soon to decide whether he will be extradited to Nigerian authorities.
