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

ADEOSUN CALLS FOR AN EMERGENCY MEETING WITH NNPC GMD OVER PAYMENT INTO FEDERATION ACCOUNT+SUMMONS FAAC MEETING FOR WEDNESDAY.

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     The Honourable Minister of Finance and Chairman of the Federation Account Allocation Committee (FAAC), Mrs. Kemi Adeosun, has reconvened the meeting of the Committee for Wednesday, 28th March, 2018 at 9:00am.
The meeting, which will hold at the Auditorium of the Federal Ministry of Finance, will have in attendance the Accountant General of the Federation, Mr. Ahmed Idris; Commissioners of Finance and Accountant-Generals of the 36 States and representatives of the Nigerian National Petroleum Corporation (NNPC), Federal Inland Revenue Service, Nigeria Customs Service, Department of Petroleum Resources, among others.
The Minister has also called for an emergency meeting next week with the Group Managing Director of NNPC, Mr. Maikanti Baru, and key management over revenue payment into the Federation Account.
It will be recalled that the FAAC meeting was inconclusive on Tuesday, necessitating the intervention of the Honourable Minister.
Signed:
Oluyinka Akintunde
Special Adviser, Media & Publicity to the Hon. Minister of Finance
Federal Ministry of Finance   
27th March, 2018.
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