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

COURT SENTENCES FIVE PERSONS TO JAIL FOR OIL THEFT IN BENIN CITY.{PHOTOS}.

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     Justice P I Ajoku of the Federal High Court sitting in Benin City on Tuesday September 25, 2018 convicted and sentenced five persons to one year imprisonment each on a two count charge bordering on oil theft. The convicts are Ernest Seimodei, Fred Kemezide, Friday Ojugbeli, Lucky Okpowo and Samuel Chidi Akomas. The court also convicted their company, De-Ernesto oil and Gas Nigeria Limited.
The Convicts who were arraigned by the Benin Zonal Office of the Economic and Financial Crimes, EFCC, on a two count charge pleaded guilty to charge when it was read to them.
Based on their plea, the prosecution counsel, Larry Aso Peters prayed the court to convict and sentence the defendants accordingly.
"My Lord, in view of the plea of the defendants, we pray your lordship to convict all the defendants in count 1 and 2 as charged. We will like to mention that this charge is brought pursuant to Section 270 of the ACJA under a plea bargain arrangement".
The defence counsel, P. E. Ejiga prayed the court to temper justice with mercies as the defendants were first time offenders. Justice Ajoku consequently sentenced the five defendants to one year imprisonment on each of the two counts. The sentences are to run concurrently.
Count one of the charge reads; "That you Ernest Seimodei, Fred Kemezide, Friday Ojugbeli, Lucky Okpowo, Samuel Chidi Akomas, De-Ernesto Oil and Gas Nigeria Limited and Amtari Ekenekeme (now at large) on or about the 28th February 2018 in Facados Delta State within the jurisdiction of this honourable court did conspire with yourselves to commit an offence to wit: fraudulently take 392,103 litres of crude oil from SPDC Oil Well Custer 51 at Estuary, Forcasdos and thereby committed an offence punishable under Section 516 of the Criminal Code Act CAP C38 Laws of the Federation of Nigeria 2004.More photos below.
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