Latest News in Nigeria
Reps summons Binance CEO alleged over terrorism financing, money laundering
The Nigerian House of Representatives has summoned Binance
CEO over alleged terrorism financing and money laundering.
Ginger Onwusibe, the chairman of the House Committee on
Financial Crimes at a panel on Friday, issued a seven-day ultimatum to the
firm’s management to appear before it on or before March 4, 2024.
Onwusibe warned that if Mr Teng fails to show up for the summons,
it would be forced to invoke the constitutional powers vested in the committee
to take appropriate measures, as he decried his failure to appear for previous
invitations.
“We also have to protect and defend the country’s finances,
especially now that the country is nose-diving into recession. The allegations
of terrorism financing, money laundering and tax evasion, amongst others,
levelled against Binance are damning enough.