Nigeria’s House Of Reps Orders Immediate Arrest Of Binance CEO


Briga News Nigeria

The House of Representatives Committee on Financial Crimes has ordered the immediate arrest of the Chief Executive of Binance Holding Limited, Richard Teng and Management, for failure to appear before the committee and defend its alleged involvement in terrorism financing and money laundering.

Chairman of the Committee, Hon. Ginger Onwusibe issued the warrant of arrest on Monday when the CEO and Management again failed to appear before the committee but instead sent one Senator Ihengen, the company’s legal representative.

Ihengen, in his defence, said two top management staff of the company who arrived in the country earlier to appear before the committee were arrested by the Federal Government last week.

However, The Chairman of the committee dismissed the excuse and with a voice vote ordered the arrest of the CEO and Management.



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