Reps Committee orders arrest of Binance Executives

03/04/2024 9

A committee of the House of Representatives has resolved to issue warrants of arrest against executives of cryptocurrency platform, Binance.
The Chairman of the Committee, Obinna Ginger ruled that the Committee would recommend to the larger House for the executives of Binance to be arrested.
The Committee on Financial Crimes made the resolution on Monday during a hearing on a petition brought against the crypto firm.
He explained that the warrant of arrest is to ensure that the executive appears before the lawmakers.
Senator Ihenyen, the lawyer to Binance, appeared before the Committee on behalf of his client and presented a written address, however, the lawmakers rejected his representation.
Ihenyen said the board of the company is scared of coming to Nigeria over the fear of further arrest by the government.
Recalled that the Nigerian government reportedly arrested two Binance executives over alleged money laundering and terror financing.

Written by: bossgmsi

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