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 DOCKS LAWYER FOR N20.4M FRAUD.{PHOTO}.#PRESS RELEASE.

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      The Economic and Financial Crimes Commission, #EFCC, Lagos Zonal office, on Thursday, August 22, 2019, arraigned one Taofik Oladipo Elias, a lawyer, before Justice Hakeem Oshodi of the State High Court sitting in Lagos on a two-count charge bordering on stealing to the tune of N20.4million.
The complainant, Gunther Uche Maduike, allegedly approached the defendant to sell a property in the Obalende area of Lagos for him.
The defendant, however, allegedly failed to remit the proceeds from the sale of the property to the family of the complainant.
One of the counts reads: "That you, Taofik Oladipo Elias, on or about 13th February, 2015 in Lagos, within the jurisdiction of this Honourable Court, with a dishonest intent, converted to your own use the sum of N10,000,000.00k (Ten Million Naira) property of Gunther Uche Maduike."
The defendant, however, pleaded not guilty to the charge when it was read to him.
In view of his plea, the prosecution counsel, Ismaili Suleiman, asked for a trial date and also prayed the court to remand the defendant in prison custody pending the determination of the case.
Counsel to the defendant, Omolola Satar, informed the court that he had filed a motion for bail since July 22, 2019 and had served same on the prosecution.
Satar, therefore, urged the court to admit his client to bail.
In his response, the prosecution counsel, Suleiman, told the court that “the issue of bail is solely at the discretion of the court.”
He, however, urged the court to impose stringent conditions that would ensure the attendance of the defendant in court for trial.
Justice Oshodi, after listening to both parties, granted the defendant bail on self-recognition.
The Judge ordered the defendant to deposit his international passport and Call-to-Bar certificate with the court’s Registrar.
The defendant was also ordered to enter into a N5 million bond with the court’s Registrar and perfect the bail conditions within 14 days, so it would not be revoked.
Justice Oshodi adjourned the case to October 17, 2019 for commencement of trial.
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