On January 8, Binance employees had a face-to-face meeting with three members of the HCFC and a clerk in Abuja at the House of Representatives building for a scheduled pre-hearing engagement in private. The meeting was chaired by the Honourable Peter Akpanke, the Honourable Philip Agbese, and the Honourable Peter Aniekwe, as well as a clerk.

During the conversation, the Committee highlighted the important nature of the issues at hand and the lengths to which they were prepared to go to summon Binance, including issuing arrest warrants against our team and CEO and preventing our team from leaving the country. While concerning, it was understood that the HCFC does not in fact have the power to issue arrest warrants.

The Committee confirmed that the public hearing would proceed on the 10th of January and that Binance would be afforded an opportunity to respond to any allegations publicly in the presence of the petitioners, press, and over 30 agencies.

Despite multiple requests, Binance had still not received details of the allegations, and our employees, therefore, inquired if there was an opportunity to submit our responses in writing and in the absence of a public hearing. There were a number of reasons for that, including the sensitivity of the information and getting the opportunity to see the allegations in full and prepare a thorough substantive response. The meeting ended with the Chair confirming they would consider the matter and revert through Binance’s local counsel.

However, as our employees were leaving the venue, they were approached by unknown persons who suggested to them to make a payment in settlement of the allegations. Later that day, our local counsel — representing us at that time — was summoned by the Committee through someone purporting to be their agent, who relayed the Committee’s terms and instructed our local counsel to advise us. Counsel reported back that he had been presented with a demand for a significant payment in cryptocurrency to be paid in secret within 48 hours to make these issues go away and that our decision was expected by the morning. 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:

https://fij.ng/article/full-text-we-declined-house-committees-request-for-cryptocurrency-bribe-binance-ceo-narrates-colleagues-journey-to-nigerian-custody/

EFCC is a useless organization. They should have jailed the lawmakers by now.

These are not the issues at stake but a clear diversionary tactics to shift focus away from the grave money laundering and currency manipulation allegations again Binance. The latter is what is important to which they now have an opportunity to respond to in Court.
While I'm not holding brief for the House Committee members, anybody could have approached them claiming to represent the Committee but out to swindle them. Binance CEO was just recently sentenced to prison terms in the U.S and their operations prohibited in some South Asian countries.
They should take their evidence to court, afterall we have various Nigerians standing trials in the U S

Lifestone:
These are not the issues at stake but a clear diversionary tactics to shift focus away from the grave money laundry and currency allegations again Binance. The latter is what is important to which they now have an opportunity to respond to in Court.
While I'm not holding brief for the House Committee members, anybody could have approached them claiming to represent the Committee but out to swindle them. Binance CEO was just recently sentenced to prison terms in the U.S and their operations prohibited in some South Asian countries.
They should take their evidence to court, afterall we have various Nigerians standing trials in the U S

Why hasn't the country continued it's case against the staff still in it's custody? Why was there a report that the escaped executive had been arrested in Kenya and awaiting extradition? The govt claimed Binance was manipulating the naira and sabotaging the economy and was used to launder money but yet it only charged the executives with tax evasion

Ok

However, as our employees were leaving the venue, they were approached by unknown persons who suggested to them to make a payment in settlement of the allegations.

descendants of Farouk Lawal

Nbotee:


Why hasn't the country continued it's case against the staff still in it's custody? Why was there a report that the escaped executive had been arrested in Kenya and awaiting extradition? The govt claimed Binance was manipulating the naira and sabotaging the economy and was used to launder money but yet it only charged the executives with tax evasion

Lol. You are a novice. It's only through Tax evasion that Nigeria can derive benefits from prosecuting Binance. If convicted, they will be made to pay for all the estimated taxes that they refused to collect in behalf of Nigeria from those operating on their platform (e g VAT) which should run into billions. What is the point charging them for money laundering and send them to jail in Nigeria and use our money to feed him.
As regarding the escaped Binance Executive, it's a National disgrace and a show of how low we have gone in our intelligence community.
I'm sure you don't take those social media noise of his arrest seriously. How do you think Kenya will release her citizen to Nigeria, it's not going to happen. Has Nigeria released Abba Kyari to United States of America? NO, Did Nigeria release Onyeama of Air peace to USA? NO.
So stop believing all these social media propagandas

COMRADES are speechless at this news