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HomeNewsBinance Executives Arrested Upon Arrival in Nigeria – Lawyer Informs Reps

Binance Executives Arrested Upon Arrival in Nigeria – Lawyer Informs Reps

The House of Representatives has urged the apprehension of key figures from Binance Holdings Limited over allegations of exploiting Nigeria’s currency, the Naira, which has led to its devaluation.

Summoned to appear before the House committee, Binance’s management failed to attend, sending legal representatives instead, who were denied audience by the committee.

Senator Ihenyen, leading Binance’s legal team, revealed that the absence of executives was due to the recent arrest of two members upon their entry into Nigeria by the Office of the National Security Adviser. Fearful of similar apprehensions, other company members refrained from traveling to Nigeria.

The incident has sparked concerns regarding Binance’s operations in Nigeria and its impact on the country’s financial stability.

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