House Of Reps Seek Arrest Of Binance Executives Over Fraud Allegations

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Naijanews March 5, 2024 8:08 a.m.

House Of Reps Seek Arrest Of Binance Executives Over Fraud Allegations

“This committee has resolved to recommend to the House to invoke its constitutional powers by issuing a subpoena and a warrant for Binance executives to be arrested and brought to this committee to answer these questions relating to financing of terrorism, money laundering and other financial crimes as stated in the petition, including evasion of tax.” Ginger, while restating the resolve of the committee to rid the country of financial crimes, said,“The committee will be forced to recommend to the House to arrest Binance executives since they have failed to appear before the committee.

Binance has responded appropriately to the demands of the committee and as our client, we are pleading that this honorable committee consider taking the report.” However, the committee’s chairman, Ginger, insisted that the Chief Executive of Binance Holding Limited, Richard Teng, must appear.

“Based on the fact that Binance is not here, we need to make a recommendation to the House of Representatives for the House to invoke its powers of subpoena to issue a warrant for the leadership of Binance to be arrested and be brought to this committee to answer questions of the grave allegations levelled against them in the petitions brought to us by the Empowerment for Unemployed Youths Initiatives and Niger Delta Youth Council..

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