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

READ WHY SOME NIGERIANS DON'T WANT WALMART STORES,TO OPERATE IN NIGERIA.

                       According to sources,The Federation of Informal Workers Organizationa of Nigeria {FIWON},representing millions of working people in the informal sectors of the Nigerian economy,has asked Walmart,the global retail trade giant not to come and invest in Nigeria.The workers argued that ordinary people will suffer in the long run.The workers,in an open letter to President Muhammadu Buhari and Governor Akinwumi Ambode of Lagos state,signed by Gbenga Komolafe,General Secretary,said they are concerned because millions of retail businesses including street and market vendors,some of who happen to be their members face the threat of being displaced from business by this global behemoth.Shelley Broader,President and Chief Executive Officer of Wamart Incorporated Europe,Middle East,Africa and Canada recently paid a visit to Governor Ambode in a quest to establish business presence in Nigeria starting with Lagos state.Ambode welcomed the Walmart executives while pledging his commitment to create an enabling environment for the global retail company because ''The presence of the brand in Lagos will go a long way not only to create jobs for our teeming youths,but also boost the economy of the state..''.However,the workers disagreed.According to them ''As it is,millions of jobs have been lost in Nigeria in the last two decades as a result of Nigeria's extreme open market policy which has turned the country to a dumping ground of,very often,fake,sub-standard goods from all over the world especially,in recent years,China.Given Nigeria's well known infrastructural deficiencies,Nigerian manufactured goods stood no chance as hundreds of factories closed down,rendering millions of Nigerians jobless or with low paying work in the informal sector of the economy''.What do you think,do you think the coming of Walmart to Nigeria will destabilize our economy?.    

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