JamzNG Latest News, Gist, Entertainment in Nigeria
Federal Inland Revenue Service (FIRS) on Wednesday asked the Federal High Court in Abuja to dismiss the application by the Cryptocurrency Trading Company, Binance Holdings Limited, who tried to empty the orders of former parties made to benefit him.
Judge Inyang Ekwo on February 11, gave a leave to FIR to serve the origin and accompanying documents about binance in a replaced manner.
The agency, through his lawyer, Kanu Agabi (San), has a former party to tell the court about his inability to provide court documents to the company.
Binance’s lawyer, Chukwuka Ikwuazom (SAN), submitted a motion of a notification on April 4 and urged the court to override the orders of the former parties.
He is also looking for orders that put aside substituted services recognized from the original process of binance via electronic email.
Also read: FIRS, NNPCL, Customs Revenue Targets for 2024
Giving nine land arguments, Ikwuazom said that Binance is a company that is registered under the law of the Cayman Islands and lives in the Cayman Islands.
He said: “With this honorable court rules, process services originating outside the jurisdiction can only be made in accordance with the provisions of the order 6 regulations 18 from this honorable court regulation (without a service convention) or in accordance with the rules of 6 regulations outside of this jurulan and where a service convention exists) and only after leave to serve outside also outside.
But FIRS does not agree with the submission of binance.
In the counter-borne submitted on April 14 and was overthrown by Ishaya Ilawa, a litigation officer, the agent argued that the deposition in the written statement of Binance was wrong and was made in an effort to mislead the court.
The issue said that binance was not registered under the law of the Cayman Islands and also did not live in the Cayman Islands as claimed.
He said the registration status and residence of the company were shrouded in confidentiality.
Judge Ekwo delayed this problem until May 12 to hear a motion of notification.
Join the conversation
Supports Nigeria’s ripples, resistant Journalism Solutions
A balanced and fearful journalism that is driven by data comes with enormous financial costs.
As a media platform, we ask for leadership accountability and will not trade the right to suppress freedom and freedom of speech for a piece of cake.
If you like what we do, and ready to uphold journalism solutions, please donate to Nigerian ripples cause.
Your support will help ensure that residents and institutions continue to have free access to credible and reliable information for community development.
Donation now
