Binance Executives in NSA Custody Can’t Attend N’Assembly Hearing – Lawyer

Written by on March 5, 2024

House of Representatives, has called for the arrest of the top executives of Binance Holdings Limited, a cryptocurrency exchange platform which is facing fraud allegations.

The platform was accused of exploiting the Nigerian currency, Naira, leading to its free fall in value.

The company is, in addition, facing allegations of terrorism financing, money laundering and tax invasion, among others.

Yesterday, the executives of the foreign firm were expected to appear before the House Committee on Financial Crimes but they instead sent their lawyers to represent them.

Displeased with the development, the Chairman of the House Committee, Obinna Ginger, declared that a warrant would be issued for their arrest.

Responding, however, Binance counsel, Senator Ihenyen, explained that the executive could not appear because they were in custody.

Ihenyen pleaded with the committee to accord the company ample time to appear before it, noting that two top shots of Binance who arrived in the country last week were arrested by the Office of the National Security Adviser.


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