BINANCE FALSE CLAIM ON BRIBERY DIVERSIONARY . (PHOTO). #PRESS RELEASE.

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 FEDERAL MINISTRY OF INFORMATION AND NATIONAL ORIENTATION  PRESS STATEMENT  BINANCE FALSE CLAIM ON BRIBERY DIVERSIONARY  The Federal Government of Nigeria is aware of attempts by Binance to launder its impaired image as an organisation that does not play by the rules and laws guiding business conduct in sovereign nations. In a blog post that has now been published by many international media organisations, in an apparent well-coordinated public relations effort, Binance Chief Executive Officer Richard Teng made false allegations of bribery against unidentified Nigerian government officials who he claimed demanded $150m in cryptocurrency payments to resolve the ongoing criminal investigation against the company.  This claim by Binance CEO lacks any iota of substance. It is nothing but a diversionary tactic and an attempted act of blackmail by a company desperate to obfuscate the grievous criminal charges it is facing in Nigeria. The facts of this matter remain that Binance is being inve
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FORMER CHAIRMAN OF THE PDP MAMAN ALI,HIS SON AHMADU WAS RE-ARRAIGNED BY THE EFCC FOR FRAUD TODAY.

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Mamman Ali            Ahmad Ali the son of the former Chairman of Peoples Democratic Party {PDP} Manman Ali,was re-arraigned by the Economic and Financial Crimes Commission,EFCC alongside another oil marketer Christian Taylor and his company Nasman oil services LTD before Justice AdeniyiOnigbanjo of a Lagos state High Court in Ikeja.They were all previously arraigned on July 26,2012 and their trial had commenced before their co-defendant,but Oluwaseun Ogunbambo absconded.This prompted the EFCC to amend the charge against the defendants which led to the re-arraignment.In the amended charge,counts of conspiracy,obtaining money by false pretence,forgery and the use of false documents were increased from 9 to 49.The EFCC counsel,Mr Seidu Atteh said the defendants had fraudulently obtained N4.5 billion from the Federal Government between January 2011 and April 2012.The money was for the subsidy payments from the Petroleum Support Fund for the purported importation of 30.5 million litres of Premium Motor Spirit {P.M.S}.The defendants were also alleged to have forged a bill of lading and other documents which they used in facilitating the fraud.The alleged offences were said to contavene sections 1 {3} of the Advance fee fraud and other fraud related offences Act 2006.The offences also violated sections 363{a} and 364 of the Criminal Law of Lagos State 2011.The defendants again pleaded not guilty to the charge.The matter was adjourned till June 30 for trail.

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