The Nigerian house of representatives committee has recently recommended the arrest warrant for Binance executives.They made accusations on the exchange stating that the exchange has been involved in money laundering, illegal operations, and tax evasion.
Ginger Onmwusibe who is believed to be the committee chairman said that the exchange had been ignoring a number of invitations to appear before the committee and answer questions about the presented allegations.
He said that the committee will recommend that the house use its power to subpoena and arrest Binance executives if they do not appear.
The Nigerian government has been against on Binance lately.The exchange has been accused of enabling illegal transactions and demanded $10 billion from the company. The central bank of Nigeria also accused Binance of manipulating the foreign exchange market.
Even with the current struggle that the exchange is still going there its operations within the region have not yet ceased.Wgat has just happened that Binance has stopped trading the Nigerian naira against bitcoin and tether.
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