The House of Representatives has accused the Chief Executive Officer of Binance cryptocurrency company of blackmailing lawmakers to divert attention and escape prosecution for crimes levelled against the organisation by the Federal Government.
• Accuses firm of employing diversionary tactics to evade prosecution
This followed government’s crackdown on the cryptocurrency platform in its fight to strengthen the naira, which led to the detention of two officials of the company. In dismissing the allegation, Onwusibe, a lawmaker representing Isiala Ngwa North and South Federal Constituency of Abia State, said that the “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 the Nigerian State levelled against Binance, and which are intended to derail the investigations by the committee, delegitimise its constitutional, statutory and...
Onwusibe added: “It should interest Nigerians to know that on April 30, 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. The Federal Government will, today, flag off the construction of state-of-the-art hostels in 36 higher institutions across the country, starting with a 1,600-bed hostel at Akwa Ibom State University.
Child Sex Abuse House Of Representatives Illegal Drug Trade Mr Changpeng Zhao Terrorism
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