- Both the prosecution and the defense will have more time to prepare arguments.
- Judge Nwite has decided to postpone the case until October.
Local media reports that Ayodele Omotilewa, a lawyer representing Binance, appeared before Judge Emeka Nwite on Friday, July 12, and pleaded not guilty to all four accusations.
Gambaryan and Anjarwalla were found not guilty of tax evasion in June by the Federal High Court in Abuja. Anjarwalla, a British Kenyan who escaped to Kenya, and Gambaryan, an American citizen, continue to face separate accusations of money laundering, which they both reject.
More Time to Prepare
The court’s ruling came after FIRS filed revised charges. Which essentially removed the tax evasion accusations leveled against the two executives. Binance chose Omotilewa to manage its local operations, which led to this shift.
Judge Nwite has decided to postpone the case until October. So that the parties may have more time to discuss and evaluate the material. Both the prosecution and the defense will have more time to gather evidence and prepare their arguments.
In light of the extreme dollar scarcity and record low value of the fiat currency. Nigeria has accused Binance of being the root cause of its currency problems. And said that crypto platforms have replaced traditional methods of trading the Nigerian naira.
Highlighted Crypto News Today: