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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ETISALAT BROUGHT A LEGAL ACTION AGAINST MTN,OVER THE ACQUISITION OF VISAFONE.

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                     I just received an information that Etisalat,a telecommunication firm in Nigeria has brought a legal action against MTN Nigeria and Visafone Ltd,challenging MTN's use of the 800MH spectrum following the acquisition of Visafone.Etisalat said the court action was necessary to prevent the use of the spectrum by MTN at this time,as it will entrench the dominance of MTN in the retail data service market.It noted that MTN Nigeria had been declared dominant by the Nigerian Communications Commission {NCC} in 2013 and remains dominant in the wholesale leased line and retail voice markets.Chineze Amanfo,Head of Media,Etisalat in a statement said the use of the 800MHz spectrum to deploy broadband services ahead of its competitors,particularly those who,prior to MTNs purchase as MTN,will further entrench MTN's dominance in the Nigerian telecommunications sector.She said in line with Section 86 of the Nigerian Communications Act,2003,engaged the NCC to understand the basis of its decision to approve the acquisition.Before the acquisition of Visafone by  MTN Nigeria last month,the GSM operators controlled about 98 percent of the Nigerian market,while the CDMA controlled 1.58 percent market share,according to statistics from the NCC.One more photo below.                                                                                                

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