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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N22.9BN FRAUD: SUPREME COURT AFFIRMS SIX-YEAR JAIL TERM FOR FORMER PENSION DIRECTOR,JOHN YUSUF.(PHOTOS).#PRESS RELEASE

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 N22.9bn Fraud: Supreme Court Affirms Six-year Jail Term for Former Pension Director, John Yusuf


The Supreme Court on Wednesday, 13 April, 2022, affirmed the six years jail term imposed on a former Assistant Director in the Police Pension Office, John Yakubu Yusuf, who was prosecuted by the Economic and Financial Crimes Commission over a Twenty –two Billion, Nine Hundred Million Naira (N22.9b) fraud.


The apex court in a judgment read by Justice Tijjani Abubakar also ordered the convict to refund N22.9b to government coffers.


Yusuf is one of the six civil servants facing prosecution for allegedly stealing N32.8 billion from the Police Pension Fund. He was initially convicted and sentenced to two years imprisonment with an option of fine of N750, 000 (Seven Hundred Thousand Naira only) by a Federal Capital Territory High Court presided over by Justice Abubakar Talba.


The EFCC, dissatisfied with the judgment of the trial court, approached the appellate court to set aside the judgment. Ruling on the substantive matter, the Court of Appeal held unanimously that the three counts involving Yusuf (Counts 17, 18, and 19) clearly stated the amounts he converted for his personal use. 


He pleaded guilty to the three counts and thereby admitted to the conversion of an aggregate sum of about N24 billion to his personal use. He was therefore sentenced to six year in prison and ordered to return the stolen N22.9billion.


In his appeal to the Supreme Court, Yusuf prayed the apex court to set aside his conviction and the order to refund N22.9b on the ground that the Court of Appeal judgment was a miscarriage of justice.


 But the Supreme Court today upheld the decision of the appellate court. One more photo below  .



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