Reps Fire Back At Binance, Refute Bribery Allegation

The House of Representatives has denied claims by cryptocurrency platform Binance Holdings that it demanded a bribe from the Binance Group following a recent allegation by the cryptocurrency company.

The Matrix reports that Binance had on Tuesday alleged that some unknown persons in Nigeria demanded huge payments in digital currency “to make their problems in the country go away”.

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The company had alleged that its representatives were approached after leaving a meeting with the House Committee on Financial Crimes.

However, the House of Representatives on Wednesday denied demanding a bribe from the company.

The motion was championed by a member of the house representing Ohaozara/Onicha/Ivo Federal Constituency, Kama Nkemkanma.

READ ALSO: Binance Kicks Against Detention Of Executives Says Nigeria Setting Dangerous Precedent

Citing breach of privilege, the lawmaker asked the House to re-invite the company to ascertain the bribe claims.

Binance is facing a plethora of criminal charges in Nigeria after the Nigerian government recently cracked down on the cryptocurrency platform in a bid to strengthen the naira.

READ ALSO: Court Adjourns Case Against Binance, Executives To May 17

Among other charges filed by the current administration against Binance were tax evasion, currency speculation, and money laundering to the tune of $35,400,000.

The company’s executive, Anjarwalla had in March, escaped from the custody of the NSA, Nuhu Ribadu, according to a statement by its spokesman, Zakari Mijinyawa.

Anjarwalla is a suspect in the Federal Government’s ongoing probe into Binance activities in Nigeria.