Close Menu
Chronicle NG
    Trending Stories
    Aminu Gwarzo, Kano deputy governor resigns

    Aminu Gwarzo, Kano deputy governor resigns

    March 27, 2026
    Senegal submits appeal to CAS against CAF’s AFCON decision

    Senegal is 2025 AFCON champions, coach insists

    March 27, 2026
    Wike bloc plans March 28 PDP convention after court victory

    Wike allocates lands, grants fee waivers to FCT traditional rulers

    March 27, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Aminu Gwarzo, Kano deputy governor resigns
    • Senegal is 2025 AFCON champions, coach insists
    • Wike allocates lands, grants fee waivers to FCT traditional rulers
    • El-Rufai loses mother amid corruption trial
    • Saraki has indirectly endorsed Tinubu for second term – Atiku’s aide
    • ADC blasts APC over soft stance on terrorists rhetoric
    • APC confirms 8,453 delegates for national convention in Abuja
    • Army pulls out 18 generals from NACST after 35 years of service
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Saturday, March 28
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    $79.5bn Suit: Nigeria govt, Binance clash over court papers’ exchange

    Opalim LiftedBy Opalim LiftedMay 2, 2025No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Ex-Binance CEO Tigran Gambaryan mocks EFCC over N18.7bn fraud claims
    Tigran Gambaryan ex-Binance executive
    Facebook Twitter WhatsApp

    The Federal Government of Nigeria and global crypto giant Binance are locked in a high-stakes legal clash over a staggering $79.5 billion lawsuit—and now, even the method of serving court documents is under fire.

    The Federal Inland Revenue Service (FIRS) insists it legally served Binance through substituted means—specifically via the email of Eleanor Hughes, the company’s General Counsel. But Binance is fighting back, calling the move “improper” and claiming it violates legal protocols.

    The suit, filed at the Federal High Court in Abuja and marked FHC/ABJ/CS/1444/2024, accuses the global crypto giant and its officials—Tigran Gambaryan and Nadeem Anjarwalla—of operating unregulated crypto services in Nigeria, allegedly causing massive economic damage.

    Justice Inyang Ekwo had earlier granted permission for substituted service after a motion by FIRS counsel Kanu Agabi (SAN), citing Hughes’ key role and prior legal dealings with the Nigerian government using the same email.

    Nigeria's FIRS is hiring
    Federal Inland Revenue Service (FIRS)

    FIRS fired back with a counter-affidavit, describing Binance’s objections as “false and misleading.” They argue that Binance’s legal team, previously briefed through the same channels, is clearly aware of the suit.

    • Nigeria open to cryptocurrency firms despite $80b Binance lawsuit

    The agency also took a swipe at global crypto giant’s opaque corporate structure, saying the company had failed to prove it’s legitimately registered in the Cayman Islands, nor provide a verifiable address.

    Despite earlier attempts to serve Gambaryan while in Kuje prison—efforts redirected to law firm Aluko & Oyebode on his instruction—the firm refused, citing lack of formal engagement.

    Nigeria open to cryptocurrency firms despite $80b Binance lawsuit
    Global crypto giant

    Still, FIRS contends the global crypto giant has suffered no injustice and is clearly engaged in the legal process.

    The case continues on May 12, when the court will hear Binance’s request to nullify the substituted service order.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Aminu Gwarzo, Kano deputy governor resigns

    Aminu Gwarzo, Kano deputy governor resigns

    Wike bloc plans March 28 PDP convention after court victory

    Wike allocates lands, grants fee waivers to FCT traditional rulers

    The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed it will arraign former Kaduna State Governor Nasir El-Rufai before the Federal High Court in Kaduna on Tuesday (today) over alleged corruption-related offences.

    El-Rufai loses mother amid corruption trial

    Saraki has indirectly endorsed Tinubu for second term – Atiku’s aide

    Saraki has indirectly endorsed Tinubu for second term – Atiku’s aide

    Bolaji Abdullahi criticises APC over alleged soft rhetoric on terrorists

    ADC blasts APC over soft stance on terrorists rhetoric

    APC delegates gathering at Eagle Square Abuja for national convention

    APC confirms 8,453 delegates for national convention in Abuja

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Aminu Gwarzo, Kano deputy governor resigns

    Aminu Gwarzo, Kano deputy governor resigns

    March 27, 2026
    Senegal submits appeal to CAS against CAF’s AFCON decision

    Senegal is 2025 AFCON champions, coach insists

    March 27, 2026
    Wike bloc plans March 28 PDP convention after court victory

    Wike allocates lands, grants fee waivers to FCT traditional rulers

    March 27, 2026
    The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed it will arraign former Kaduna State Governor Nasir El-Rufai before the Federal High Court in Kaduna on Tuesday (today) over alleged corruption-related offences.

    El-Rufai loses mother amid corruption trial

    March 27, 2026
    Saraki has indirectly endorsed Tinubu for second term – Atiku’s aide

    Saraki has indirectly endorsed Tinubu for second term – Atiku’s aide

    March 27, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.