Binance lists conditions for settlement negotiations with Nigeria

. Nigerian authorities had earlier this year asked Binance to pay a $10 billion fine for infractions. The CEO of Binance, Richard Teng on Tuesday, however, claimed that some agents of Nigerian officials demanded secret payment to make its problems “go…

The new CEO said the company, of course, declined the payment demand via their counsel, not viewing it to be a legitimate settlement offer, and clarified that they would engage in settlement negotiations on some conditions.“Any settlement must be official, recorded in writing, and signed by all relevant parties.

The CEO added that the company’s counsel relayed Binance’s conditions, to which initially objection was taken. The Economic and Financial Crimes Commission is prosecuting Binance for laundering more than $35 million. . Nigerian authorities had earlier this year asked Binance to pay a $10 billion fine for infractions. The CEO of Binance, Richard Teng on Tuesday, however, claimed that some agents of Nigerian officials demanded secret payment to make its problems “go…

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