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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FIRST CLASS UNDERGRADUATE JAILED 13 YEARS IN ONDO STATE.{PHOTO}.#PRESS RELEASE.

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     A final year student of Business Administration in a private university located in Ondo State, Fisayo Adetoro, was on Thursday, January 23, 2020, found guilty of impersonation, forgery and money laundering, and sentenced to cumulative 13 years in prison and N1,000,000 (One Million Naira) fine.
Adetoro, who was said to be a first class candidate on 4.5 Cumulative Grade Point Aggregate (CGPA), was convicted by Justice Folashade Olubanjo of the Federal High Court 1, Akure, in a criminal case filed against him by the Economic and Financial Crimes Commission, EFCC, Ibadan zonal office.
He was originally arraigned on January 18, 2017 on a six-count charge, but pleaded not-guilty to all the charges.
The allegations, according to the charge sheet, include falsely representing himself to be Bawa Mohammed Sanni to defraud his victims to the tune of thousands of United States Dollars.
He was also accused of using the fake name to register for a Nigerian Driver’s Licence bearing his photograph, as well as laundering sums running to millions of naira.
The court sentenced him to five years imprisonment with a fine of N1,000,000 (One Million Naira) for money laundering (Count 6). The jail terms are to run concurrently.Justice Olubanjo, however, considered the convict for suspended sentence of six months community service.
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