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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NNPC CANNOT CONTINUE MAKING SUBSIDY PAYMENTS WITHOUT VALID APPROPRIATIONS.-SARAKI.

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      Senate President Bukola Saraki wrote on social media few hours ago today that ''As some of you know I spent a lot of time on the issue of fuel subsidies in the 7th Assembly.
The important thing we must all understand is that the NNPC cannot continue making subsidy payments without valid appropriations. These payments must be backed by law.
This is why, yesterday, the 8th Senate resolved that:
1. The NNPC should stop all the illegal payments without appropriation henceforth;
2. The NNPC, through Mr. President, should make a formal request to the National Assembly for the 2018 fuel subsidy payments;
3. The Federal Republic of Nigeria should pay all marketers their outstanding arrears of subsidy owed in 2017;
4. Our local refineries should be given maximum attention to enable them function at full capacity;
5. A full audit of the NNPC should be carried out; and
6. There must be appropriate sanctions for officers and personnel who have carried out this illegal payment''.
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