Nigeria House of Representatives Financial Crimes Committee summons Binance CEO

The Financial Crimes Committee of Nigeria’s House of Representatives summoned Binance CEO Richard Teng on suspicion of terrorist financing and money laundering. On March 5, local news media The Punch interviewed Ginger Onwusibe, chairman of the committee. It was reported that at a group meeting on the 1st, the committee issued a notice to Binance management, requiring it to issue a statement on or before March 4, 2024. Committee testimony. Onwusibe said that if Binance ignores the subpoena, the commission will be forced to use its constitutional powers to take necessary action. (Cointelegraph)