Nigeria, March 4 -- Cryptocurrency giant, Binance, is facing new trouble in Nigeria, as the country's parliament has threatened to issue a warrant of arrest on the company's executives.

The House of Representatives Committee on Financial Crimes issued the threat on Monday during an investigative hearing.

The panel had summoned the Managing Director of Binance, Richard Teng, in a letter dated 12 December 2023, but he did not honour the invitation.

However, the company has been sending its Nigerian lawyer, Senator Ihenyen, to appear before the committee.

At the resumption of the hearing on Monday, the lawmakers once again rejected Mr Ihenyen's representation, stating that Mr Teng or any other member of the senior management team must ap...