Nigerian committee summons Binance CEO over financial crime suspicions - Qoneqt
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    Mohamed Azharuddin in Blockchain Development

    04 Mar 03:40 PM

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    Nigerian committee summons Binance CEO over financial crime suspicions

    The committee’s Chair, Ginger Onwusibe, warned that if Binance ignores the summons, the committee will exercise its constitutional authority and take necessary actions.
    The Nigerian House of Representatives Committee on Financial Crimes has called Binance CEO Richard Teng to appear before the committee over suspicions of terrorism financing and money laundering.

    According to a local news outlet, Punch, the committee’s Chair, Ginger Onwusibe, issued an ultimatum to the management of Binance on March 1 to appear before the committee on or before March 4, 2024.

    The governor of the Central Bank of Nigeria (CBN) raised concerns on Feb. 27 about Binance, alleging “suspicious flows” of funds through the exchange in 2023.

    #Blockchain
    #Cryptocurrencies
    #Law
    #Government
    #Nigeria
    #Cryptocurrency Exchange
    #Binance
    #Regulation

    Source - Coin Telegraph

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