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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NCC: TELECOMMUNICATION COMPANIES TO PAY N200K FINE PER LINE OVER FAILURE TO VERIFY NIN.{PHOTO}.

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The Nigerian Communications Commission (NCC) has proposed a fine of N200,000 for telecommunications companies that fail to verify and validate biometric, National Identity Number (NIN) and other personal information of subscribers.


This is contained in a proposed draft regulation on registration of telephone subscribers 2021 published on NCC’s website.


The federal government had asked Nigerians to enrol for NIN and link their unique number to the phone lines.


Since the announcement in 2020, an extension of the deadline for NIN registration and subscriber identity module (SIM) integration exercise has taken place at least six times.


January 19, 2021 was the initial deadline, but it was moved to February 9, April 6, May 6, June 30, July 26 and now October 31.


Section 19 of the draft document, NCC said mobile communications services providers must ensure that NINs are verified and validated before activation.


It said a penalty of N200,000 awaits those who breach the requirement.

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