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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OBASEKI MEETS PENSIONERS+REDUCES ARREARS BY N6BN.{PHOTO}.

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      The Governor of Edo State, Mr. Godwin Obaseki, has said the state government has paid off N6billion of the N10 billion pension arrears that accumulated between 1996 and 2000.
 Obaseki, who met with pensioners in the state on Monday to commemorate the 16th Annual National Pensioners’ Day at the Nigeria Union of Journalists (NUJ) Secretariat, Benin City, said the N3.9billion arrears backlog would be cleared before December 2018.
 He said that the arrears accumulated between 1996 to 2000 and the state government has been clearing them in batches, adding, “For state pensioners, we set aside N100 million monthly to address the balance of about N3.9 billion. We will increase this amount as the state revenue profile increases.”
 He explained that when his administration came on board, local government councils were unable to pay pensions, hence the state put up measures to enable them generate revenue, which, he said, is gradually yielding positive results.
 “We didn’t want to have challenges in the payment of pension anymore. So, we moved from the old system to the contributory pension scheme. You have a governor who understands the pension problem and the only way to resolve this problem is for us to work together,” he said.
 On Paris Club refunds, the governor said the state and local government councils got the fund, which was used to pay salaries and pension arrears.
 The State Chairman of Nigeria Union Pensioners (NUP), Mr Pullen Noruwa, commended the governor for attending the event and setting up an 8-man committee to address pension matters in the state. Noruwa, however, appealed to the governor to increase the N100 million set aside for the payment of pension arrears on monthly basis to expedite action on the settlement of outstanding arrears.
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