Lawmakers to Issue Arrest Warrant for Binance Executives for Ignoring Panel Invitation

Nigerian lawmakers consider issuing arrest warrant for Binance executives, adding to the challenges faced by the company.

The House of Representatives Committee on Financial Crimes alerted about the potential consequences on Monday during a fact-finding session.

The panel extended an invitation to the Managing Director of Binance, Richard Teng, however, he did not attend as requested.

The organization has consistently enlisted the services of its legal representative from Nigeria, Senator Ihenyen, to represent them before the committee.

During Monday’s hearing, the legislators again declined Mr. Ihenyen’s offer to represent, insisting that Mr. Teng or another senior manager must attend the committee meeting.

The Committee’s Chairman, Ginger Onwusibe (LP, Abia), revealed that the panel would be issuing a warrant for the arrest of the executives who did not show up before it.

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