The Nigerian House of Representatives Financial Crimes Committee summons Binance CEO

2024-03-03 20:28:54

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ChainCatcher news, according to Nigerian media The Punch, the Nigerian House of Representatives Financial Crimes Committee has summoned Binance Holdings Limited CEO Richard Teng over allegations of terrorism financing and money laundering.

On Friday, the committee's chairman Ginger Onwusibe issued a 7-day ultimatum to the management of Binance Holdings Limited during a panel, requiring them to attend a committee meeting on or before March 4, 2024.

Ginger Onwusibe warned that if Binance Holdings fails to comply with the summons, the committee will be forced to invoke the powers granted to it by the constitution to take appropriate measures.

Previously, the committee called for a hearing with the Managing Director of Binance through a letter dated December 12, 2023, signed by Chairman Onwusibe, with the hearing scheduled for December 18, 2023.

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