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The Nigerian committee said it would be forced to invoke its constitutional rights if Teng ignored the summons again.
Monika Ghosh 3 min read 
Binance's regulatory woes deepen in Nigeria with the authorities increasing their scrutiny of the platform and its operations.
The amicus briefs argue that the SEC was overreaching its regulatory authority in the lawsuit against Kraken.
The Nigerian authorities have intensified their focus on Binance amid the escalating foreign exchange issues.
The Nigerian government barred access to crypto platforms because of their alleged roles in the country's fiat currency struggles.
FDUSD trading volume climbed 51.1% to $122 billion in January, making it the second most popular Bitcoin trading pair after Tether's USDT.
Binance Nigerian users speculated that the exchange implemented a price cap at the behest of the government.
Binance's market share is silently rebounding to the previous highs of yesteryears.
The prosecutors are justifying the historic $4.3 billion penalty saying Binance willfully violated the laws, led by senior executives.
