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
14 November 2016,Abuja.Today Senate President {Dr} Bukola Saraki said ''ending the recession requires dialogue and cooperation from Nigeria's national leaders''.The Senate President's comments were in response to repeated questions about his recent meetings with President Muhammadu Buhari and the Senate's votes to return the President's Mid-Term Economic Framework {MTEF} and $29.9 billion loan request pending the submission of supporting documentation.''Reports of rising tension between lawmakers and the president are overblown,'' Saraki stated.''The MTEF and the loan request were returned to the executive because both submissions lacked the supporting documentation necessary to conduct due diligence and oversight'' he said. ''The real concern should be the length of time it will take to receive the requested documentation and the time lost toward beginning the 2017 budget process''.The Senate President explained that the 1999 Constitution of the Federal Republic of Nigeria gives the National Assembly {NASS} the power to approve federal appropriations.This mean the annual budget,appropriations bills and loan requests must be passed by the NASS.What the media is now covering and what the public is witnessing is not political gamesmanship'' Saraki observed. ''This is the discourse that must occur if we are to figure out the best way to tackle the recession.The growing cooperation between the executive and legislative branch is the only way to move Nigeria forward''.Both the National Bureau of Statistics and Bloomberg Markets reported today Nigeria's inflation rate rose in October from 17.9% to 18.3%.Increases in the inflation rate of housing,electricity,water,lubricants for personal transport and education were leading sub-index sectors driving the inflation rate.Additionally,food inflation rose from 16.6% to 17.1% led by increases in the price of bread,cereal,fish and meat.The Senate President further stated, ''at the end of the day we as elected leaders must listen to the testimonies off the people and understand the level of despair in the country.'' ''I am confident that by working together we can overcome the recession and address the needs of so many in meaningful ways''.
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