Binance’s Tax Battle with Nigeria Takes a New Twist: Court Lets FIRS Serve Documents via Email

Nigeria vs. Binance: A legal battle over tax evasion and economic sabotage, with court ruling emails are valid for service.



The legal showdown between Nigeria’s FIRS (Federal Inland Revenue Service) and Binance is intensifying. The Federal High Court in Abuja, under Justice Emeka Nwite, has ruled that Binance, which doesn’t have a physical office in Nigeria, can be served court documents by email. The case has now been rescheduled for May 12, 2025.

The Accusations

1. Massive tax evasion: Binance allegedly owes $2 billion in back taxes.

2. Economic sabotage: Binance’s platform is blamed for exacerbating Nigeria’s forex crisis, with damages said to amount to $79.5 billion.

Binance’s Legal Defense
Binance’s lawyers argued that documents shouldn’t be served outside Nigeria without proper legal approval. However, the FIRS hit back, claiming Binance was intentionally dodging regulations by having no physical address or transparent registration in Nigeria.

The Judge’s Ruling
Justice Nwite sided with the FIRS, agreeing that Binance’s Nigerian lawyers should receive the court documents, allowing the legal process to move forward despite Binance’s offshore operations.

The Bigger Picture
This case is part of Nigeria’s broader crackdown on crypto platforms as the naira has devalued by over 70% since 2023. Authorities argue that unregulated crypto trading, particularly on platforms like Binance, has worsened the currency crisis.

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If Nigeria wins this case, it could set a significant legal precedent for how countries regulate offshore crypto exchanges.