Binance Holdings Limited has informed the Federal High Court that it is seeking an out-of-court settlement with the Federal Government of Nigeria over ongoing tax evasion allegations, signaling a pause in the high-profile legal battle.
On Tuesday, March 24, 2026, Binance’s lead counsel, Sunday Agaji, told Justice Emeka Nwite that the company had formally approached the Nigeria Revenue Service to discuss terms that could resolve the dispute without prolonging court proceedings.
The government’s lawyer, Moses Ideho, confirmed that settlement talks were underway, and both parties agreed to report back to the court on the progress of negotiations.
The court has adjourned the matter until May 12, 2026, giving both sides time to advance the discussions.
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The case stems from a four-count indictment filed in July 2024, alleging that Binance failed to comply with Nigerian tax laws while conducting business in the country.
At re-arraignment, the company’s Nigerian representative, Ayodele Omotilewa, entered a not-guilty plea on behalf of Binance.
The dispute has drawn attention amid increasing regulatory scrutiny of digital asset platforms in Nigeria.
An out-of-court settlement would allow the government to recover owed taxes efficiently while giving Binance a framework to address compliance obligations and mitigate legal and reputational risks.