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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NO SUSTAINABLE DEVELOPMENT POSSIBLE WITHOUT ADEQUATE INFRASTRUCTURE, SAYS PRESIDENT BUHARI, AS HE MEETS CHINA’S STATE COUNCILLOR.{PHOTOS}.#PRESS RELEASE.

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Sustainable development is impossible when a country is hobbled by severe infrastructural deficits, President Muhammadu Buhari has said.
The President spoke Tuesday at State House, Abuja, while receiving in audience Mr Wang Yi, the State Councillor and Foreign Minister, People’s Republic of China.
“We thank China for its support to us in various ways; in building of rail, road, power, defence, and many others. You are helping us to reduce our severe infrastructural deficits, and we are glad. There cannot be sustainable development without infrastructural development,” President Buhari said.
He pledged that Nigeria would continue to honour its obligations in the relationship with the People’s Republic of China, “as you are making a big difference, which we appreciate very much.”
Mr Wang Yi applauded what he called the “mutual trust and sound personal friendship” between President Buhari and President Xi Jinping of China, noting that “it has guided the bilateral relationship between our two countries.”
He added that China loves to begin the year’s diplomatic work from Africa, and Nigeria was chosen as the first port of call in 2021, since the year marks the 50th anniversary of diplomatic relations between the two countries.
The State Councillor described Nigeria as a country with great regional and international influence, adding: “We trust, understand and support each other. We will continue to value each other.”
Mr Yi said his country would encourage Chinese companies to increase their investments in Nigeria, while China would also readily share experience and techniques in areas like digital economy, defence, and many others.
Femi Adesina
Special Adviser to the President
(Media and Publicity)
January 5, 2021.
More photos below.

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