The House of Representatives has accused the cryptocurrency company, Binance of blackmailing its members to divert attention and cover up the ‘heinous allegations of financial and economic crimes’ levelled against it by the Nigerian government.
Dismissing allegations of bribery made against the committee, Onwusibe said “These bogus, obnoxious, false and fabricated allegations are pure blackmail, clearly designed to muddy the waters and shift attention away from the heinous allegations of financial and economic crimes against the Nigerian State levelled against Binance and which are intended to derail the investigations by the Committee, delegitimise its constitutional, statutory and legitimate enquiry into the activities of Binance in...
“It should interest Nigerians to know that on the 30th day of April 2024 the founder of Binance, Mr. Changpeng Zhao, was sentenced to four months in prison for money laundering, unlicensed money transmitting and violations in Seattle, United States . It will be recalled that on 7 May 2024, Mr. Richard Teng, the Chief Executive Officer of BINANCE, in a blog post on Binance.com made allegations of solicitation of bribes against members of the House Committee on Financial Crimes, which was subsequently uploaded to the X account of Mr. Teng . BINANCE holds itself out as a blockchain ecosystem and digital asset exchange.
“Our team grew increasingly concerned about their safety in Nigeria and immediately departed. We, of course, declined the payment demand via our counsel, not viewing it to be a legitimate settlement offer, and clarified that we would engage in settlement negotiations on the following conditions: Binance needs to see the relevant petition and/or the details of all allegations. Any settlement must be official, recorded in writing, and signed by all relevant parties.