"Binance's counsel confirmed that discussions were underway with the Nigeria Revenue Service to explore settlement options regarding the ongoing tax evasion case against the company."
"The Nigerian government filed a lawsuit against Binance, accusing the exchange of owing $2 billion in back taxes and seeking nearly $79.5 billion in compensation for alleged economic losses."
"Judge Nwite adjourned proceedings until May 12 to allow both parties to report on the progress of negotiations regarding the tax evasion case."
Binance has initiated discussions with Nigerian authorities to resolve a tax evasion case through an out-of-court settlement. The Nigerian government filed a lawsuit against Binance in February 2025, claiming the exchange owed $2 billion in back taxes and sought nearly $79.5 billion in compensation for economic losses. The case has seen various representatives for Binance, with the current representative entering a not-guilty plea. Proceedings have been adjourned to allow both parties to report on negotiation progress.
Read at news.bitcoin.com
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