BREAKING: Reps seek subpoena, arrest of Binance executives – Newstrends
Connect with us

News

BREAKING: Reps seek subpoena, arrest of Binance executives

Published

on

BREAKING: Reps seek subpoena, arrest of Binance executives

The House of Representatives Committee of Financial Crimes has resolved to recommend that the House invokes its powers to subpoena and arrest executives of Binance.

This followed the failure of executives of the company to appear in an investigation hearing by the Committee on Monday, March 4.

Chairman of the Committee, Hon Ginger Obinna Onwusibe, said the executives of the company were to appear before them to answer questions on a petition that borders on the financing of terrorism, money laundering, tax evasion, and other financial crimes.

Onwusibe frowned at the legal representation sent by the company for the hearing.

He said at the last session it was resolved that the officials must appear by themselves.

But the lawyer representing Binance, Senator Ihenyen, said among other reasons executives of the company which is not based in the country were apprehensive because two of their executives were arrested recently and are still in custody.

READ ALSO:

Hon Obinna said: “Binance is not here. We have taken a position on it in our last sitting that we are not going to entertain legal representation from Binance and that position stands.

“Based on the fact that Binance is not here, we need to make a recommendation to the House of Representatives for the House to invoke its powers of subpoena to issue a warrant for the leadership of Binance to be arrested and be brought to this Committee to answer questions of the grave allegations levelled against them in the petitions brought to us by the Empowerment for Unemployed Youths and Niger Delta youths Council.

“This Committee has resolved to recommend to the House to invoke its constitutional powers by issuing a subpoena and a warrant for Binance executives to be arrested and brought to this committee to answer these questions regarding relationship financing of terrorism, money laundering, and other financial crimes as stated in the petition including evasion of tax.

“We thank the petitioners for unearthing these grievous financial crimes going on in this country for more than six years now. Binance has been operating in the financial space of this country for more than six years and they have not less than 20 million Nigerians that they are exploiting.”

BREAKING: Reps seek subpoena, arrest of Binance executives

News

Late COAS Lagbaja gets CFR honour, buried amid tributes 

Published

on

Late COAS Lagbaja gets CFR honour, buried amid tributes 

 

The late Chief of Army Staff (COAS), Lt. General Taoreed Lagbaja, was on Friday laid to rest in Abuja, amid tears and tributes.

President Bola Tinubu conferred a posthumous award of the Commander of the Federal Republic (CFR) on the late Chief of Army Staff.

The burial took place at the National Cemetery in Abuja to end two days of funeral rites that began in Lagos earlier in the week.

His body was lowered into the grave at exactly 4:41pm after the ceremony that lasted over two hours.

Lagbaja’s casket, draped in Nigeria’s green and white colours, arrived at the cemetery around 3pm in a white funeral wagon after a funeral service at the National Christian Centre in Abuja.

Dignitaries were led to the event by President Bola Tinubu. Others are Vice President Kashim Shettima; the Acting Chief of Army Staff, Lt.Gen. Olufemi Oluyede; the Chief of Defence Staff, Gen. Christopher Musa; Minister of Defence, Abubakar Badaru, and other top government officials and military brass.

President Tinubu announced the conferment of the CFR on the late COAS during the interment at the National Cemetery in Abuja.

The President extolled the virtues of the late warrior, especially his contributions to national security.

According to him, the appointment of Lagbaja as the COAS was one of his finest made so far.

“As an eternal symbol of our appreciation, I have granted the late Chief of Army Staff, the posthumous national honour of the Commander of the Federal Republic of the Niger (CFR),” Tinubu declared.

He thereafter invited the wife of the late COAS, Mariya, to collect the award on behalf of the Lagbaja family amid applause from the congregation.

Continue Reading

News

Supreme Court dismisses 16 govs suit challenging EFCC legality

Published

on

Supreme Court dismisses 16 govs suit challenging EFCC legality

The Supreme Court has dismissed the suit by 16 states challenging the constitutionality of the acts establishing the Economic and Financial Crimes Commission and two others.

The News Agency of Nigeria (NAN) reports that the other agencies are the Independent Corrupt Practices and other related offences Commission (ICPC) and the Nigerian Financial Intelligence Unit (NFIU).

In the lead judgment by Justice Uwani Abba-Aji delivered on Friday, the Supreme Court resolved the six issues raised for determination in the suit against the plaintiffs.

The court held that the laws establishing the anti-corruption agencies were validly enacted by the National Assembly within its legislative competence.

It faulted the claim by the plaintiffs that the EFCC Act, being a product of the United Nations convention on corruption, ought to be ratified by majority of the state houses of assembly.

Delivering judgement on Friday, Justice Abba-Aji ruled that “the EFCC Act, which was not established from a treaty but a convention, does not need the ratification of the houses of assembly.”

Continue Reading

News

Executive Secretary FCDA Hadi Ahmad suspended indefinitely

Published

on

Executive Secretary FCDA Hadi Ahmad suspended indefinitely

 

Executive Secretary, Federal Capital Development Authority FCDA, Engr. Shehu Hadi Ahmad, has been suspended indefinitely.

His suspicion was on the order of the Minister of the Federal Capital Territory, Nyesom Wike.

Senior Special Assistant on Public Communications and New Media to the Minister, Lere Olayinka, disclosed this in a statement on Thursday evening.

No reason was given for the suspension.

Ahmad was directed to hand over to the Director, Engineering Services in the FCDA.

The statement read: “The Executive Secretary, Federal Capital Development Authority FCDA, Engr. Shehu Hadi Ahmad, has been suspended indefinitely.

“According to a statement on Thursday, by Lere Olayinka, Senior Special Assistant on Public Communications and New Media to the Minister of Federal Capital Territory FCT, Nyesom Wike, the suspension of Engr Hadi Ahmad is with immediate effect.

“The suspended Executive Secretary has consequently been directed to hand over to the Director of Engineering Services, Engr in the FCDA.”

Continue Reading

Trending