Nigeria Financial Crimes Commission summons Binance CEO Richard Teng over alleged financial crimes
The Punch, a Nigerian news media, reported that Ginger Onwusibe, chairman of the Nigerian House of Representatives Financial Crimes Committee, issued seven charges against Richard Teng, CEO of Binance Holdings Limited, for allegedly funding terrorism and money laundering at a group meeting on March 1 (Friday). Ginger Onwusibe issued a seven-day ultimatum to the management of Binance Holdings Limited, demanding that CEO Richard Teng appear before the committee on or before March 4, 2024. The chairman of the committee, Ginger Onwusibe, warned that if Binance ignores the subpoena, the committee will exercise its constitutional powers to take necessary action.
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