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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EFCC ARRAIGNS BUSINESSMAN FOR FRAUD YESTERDAY.{PHOTO}.

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Image may contain: 1 person, selfie and close-up                                       The Economic and Financial Crimes Commission,EFCC yesterday February 6,2017 arraigned one Adama Shuaibu,before Justice Sa'ad of the Gombe State High Court,on one-count charge bordering on obtaining money by false pretence.
Shuaibu,who was arrested on May 23,2016,allegedly defrauded his business client,Mamman Alkali,in a failed transaction.He was accused of collecting N500,000 from him,with the promise to supply timber woods from Taraba State,but however failed to deliver on his promise.
The charges reads: ''That you Adamuu Babawuro Shuaibu,sometime in January 2016 at Gombe,Gombe State,within the jurisdiction of this Honourable Court,with intent to defraud,did obtain the sum of N500,000 only from Honourable Mamman Alkali under false pretence that the said sum would be used for the purchase of Madrid Timber Wood at Baruwa,Taraba State,which you never did,instead diverted same for personal use''.
He pleaded ''not guilty'' to the charge when it was read to him.
While granting him bail in the sum of N440,000 with a reliable surety,who must be a resident in Gombe,the trial judge adjourned to March 2,2017 for his trial to commence.
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