A court in Nigeria's capital, Abuja, has postponed a money laundering trial involving cryptocurrency exchange Binance and two of its executives to May 17.

The adjournment, announced Thursday, followed a statement by Chukwuka Ikuazom, a lawyer for the exchange, who claimed he had not received necessary documents for case preparation.

Binance and its executives, Tigran Gambaryan, a U.S. citizen, and British-Kenyan Nadeem Anjarwalla, face charges of laundering over $35.4 million and conducting specialized financial activities without a license.

Apart from the EFCC's money laundering case, Nigeria's anti-graft agency, Binance, also faces four counts of tax evasion in a separate trial set to resume on May 17.

The Binance executives have all entered pleas of not guilty. Nigeria boasts Africa’s largest crypto economy in trade volume, with many citizens using crypto to hedge against inflation and currency depreciation.

However, authorities allege the platform has been utilized for money laundering and terrorism financing.

Since their arrest on Feb. 26, Gambaryan and Anjarwalla have accused authorities of illegal detention and passport seizure, adding controversy to their trial.

Additionally, local media reported that the Nigerian government sought the identities of citizens trading on the platform. This marks the second postponement of the money laundering trial's formal commencement by the Abuja court.