A Nigerian court has postponed the tax authority's case against Binance until April 30 to allow time for the regulator to respond to Binance's request. The court's adjournment follows a motion by Binance's attorney, Chukwuka Ikwuazom, who argued that the Federal Inland Revenue Service (FIRS) improperly served court documents to Binance, which has no office in Nigeria. The FIRS claims that Binance owes $2 billion in back taxes and $79.5 billion in damages for allegedly destabilizing the naira through its operations. The agency is pursuing corporate income tax for 2022 and 2023, which includes penalties and interest on unpaid amounts. In a previous legal episode, Nigerian authorities arrested Binance executives on tax and money laundering charges, with one executive still unaccounted for and another reportedly deteriorating in health while detained. Binance ceased crypto deposits and withdrawals in Nigeria in March 2024, effectively exiting the market.

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