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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2 PEOPLE WERE ARRAIGNED BY THE EFCC FOR N156 MILLION FRAUD,IN OYO STATE.

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                           Today the 8th of October 2015,The Economic and Financial Crimes Commission {EFCC},arraigned Adebola Adeseye Idowu and Isiah Kayode Ajisafe before a Oyo state High Court on 16 count charge bordering on conspiracy,stealing,abuse of office,and contract inflation.The accused persons are alleged to have connived and used their positions as Executive Director and Chief Accountant,respectively,to defraud their former employer,National Horticultural Research Institute,NIHORT,of various sums of money amounting to N156 million.The money was allegedly stolen by siphoning staff arrears during the implementation of 15 percent increments on consolidated emoluments and illegal deductions of 7.5% as pension fund.The accused persons were said to have pocketed N70,000,000 purported to be meal subsidy.Also the accused persons are alleged to have approved contracts beyond their limit of N50,000,000 by splitting the contract valued at N123,526,941.10 into three parts.Further investigation revealed that most of the contracts were awarded to companies which never existed.The accused persons pleaded not guilty to all the charges.The Judge granted the accused persons bail in the sum of N10 million each with one reliable surety in like sum.The case was adjourned to 10th and 16th of November 2015.

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