BINANCE FALSE CLAIM ON BRIBERY DIVERSIONARY . (PHOTO). #PRESS RELEASE.
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
Yesterday friday,November 4,2016 arraigned one Oluwatoyin Jinadu,a former banker with First City Monument Bank,FCMB,before Justice Sylvanus Oriji of the FCT High Court sitting in Apo,Abuja on a 20-count charge bordering on theft and forgery to the tune of N52million.Trouble started for Jinadu when a petition was sent to the EFCC alleging that as account officer to Dr. D.K. Okoye in the Wuse 2 Branch of the bank,she fraudulently transferred N52million from Dr. Okeye's account without his knowledge or consent,into accounts in Zenith Bank,GTBank and Union Bank.These transfers were alleged to have been done through forged transfer instructions.Jinadu was first arraigned before Justice Adebukola Banjoko of the FCT High Court on July 12,2012,but the case had been dragging following several frivolous applications to the Court of Appeal and Supreme Court by the defence counsel,including a petition alleging bias on the presiding Judge-a situation that led to the withdrawal of the trial judge.The defendant pleaded not guilty when the charges were read to her.In view of her plea,counsel to EFCC,Samuel Ugwuegbulam,urged the court to fix a date for trial.However,counsel to the defence,M.A Awul,through an oral application urged the court to grant the accused bail relying on Section 162 of the Administration of Criminal Justice Act,ACJA,and Section 36 {5} of the Nigerian Constitution.According to him,''the accused is presumed innocent until proven guilty.We urge your lordship to allow the defendant to continue on the existing bail granted him by your learned brother or in the alternative,grant her bail on such terms the court may consider appropriate to enable her attend trial''.Responding,Ugwuegbulam opposed the application stating that ''since the former presiding judge has declined jusrisdiction on the matter,the bail has automatically elaspsed.Also my lord,punishment for the offence the defendant is being charged is enough incentive for her to jump bail''.He argued further that ''the defendant,if granted bail will obstruct justice owing to the fact that she had earlier employed delay tacticts by filing several frivolous applications in the bid to frustrate the case and this led to to the case dragging for a long time.I urge the court to decline the bail application and instead,give the matter accelerated hearing''.Justice Oriji granted the accused bail in the sum of N8million with two sureties in like sum.The sureties must be residents in Abuja.One of the sureties must be a civil servant in the federal civil service and below GL12.Their addresses must be verified by the court.The case has been adjourned to December 5,2016 and January 17-18,2017 for trial.Meanwhile,the accused is to be remanded in prison custody pending the fulfillment of the bail conditions.More photos below.
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