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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ANAMBRA STATE FINALLY JOINS OIL PRODUCING STATES,TO BENEFIT FROM 13% DERIVATION FUND.{PHOTOS}.#PRESS RELEASE.

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Anambra State Finally Joins Oil Producing States, To Benefit From 13% Derivation Fund 


By Gab Okpalaeze (ABS News)


Anambra state has finally joined the league of Oil Producing States in Nigeria, as it will soon start to benefit from the thirteen percent Derivation fund.               


This is sequel to the                          Revenue Mobilisation Allocation And Fiscal Commission's approval of Governor Willie Obiano's request for due share of revenue accruing to the nation from oil and gas production activities in Anambra state.                                 


According to the approval letter through its secretary, Mr M.B. Shehu, and addressed to Governor Obiano, the Commission, approved the attribution of eleven oil wells wholly to Anambra state. It also approved attribution of Anambra River One, Two, and Three oil wells, to be shared on fifty- fifty percent basis between Anambra and Kogi states, pending the final delineation of boundaries of the two states.                               


The eleven oil wells wholly attributed to Anambra state, are; Nzam-One oil well, Alo- One oil well, and  Ogbu- One oil well.          Others are Ameshi One, Two, Three and Four oil wells, as well as Enyie One, Two, Three, and Four oil wells.                                 


Revenue Mobilisation and Fiscal Commission's approval was at its 139th plenary session, held on twenty seventh July, 2021. It said the 13 percent derivation will take effect when the said revenue from the operations of the said oil wells starts contributing into the federation account.

More photos below.

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