The Federal High Court Abuja has fixed November 12, 2025, to rule on Binance Holdings Limited’s request to set aside what the cryptocurrency exchange platform describes as the alleged “purported substituted service” of the Federal Inland Revenue Service’s $81 billion economic loss fine and unpaid income tax suit against it.
Justice Umar Mohammed fixed the date after hearing arguments from Chukwuka Ikwuazom SAN, counsel for Binance, and the FIRS lawyer, S.E. Maliki.
Nairametrics previously reported that the Federal Government (FG), through the FIRS, had asked the court to order Binance Holdings Limited to pay $79,514,055,594.40 and N231 million for economic losses allegedly caused by its operations in Nigeria, as well as $2,001,000,000 in income tax for 2022 and 2023.