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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ALLEGED N6.2BN FRAUD: WITNESS NARRATES HOW JANG,OTHERS DIVERTED PLATEAU STATE MSMES FUNDS.(PHOTOS).#PRESS RELEASE.

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Alleged N6.2bn Fraud: Witness Narrates How Jang, Others Diverted Plateau State MSMEs Funds.

A prosecution witness 13, PW13, in the trial of former Plateau State governor, Senator Jonah David Jang and a former cashier in the Office of the Secretary to the State Government (OSSG), Yusuf Pam, on Thursday, May 12, 2022 told a Plateau State High Court that Jang allegedly diverted funds meant for the Micro, Small and Medium Enterprises in the state. 

The witness, an Assistant Director in charge of Development with the Central Bank of Nigeria, CBN, Mr. Musa Olashuko told Justice C.L Dabup that funds meant for artisans, small holder farmers, market women and entrepreneurs were diverted into the account of the Plateau State government and its agencies.

“We made an enquiry on the regular flow of funds between the credited account communicated to us by the state government and the Plateau State Small and Medium Enterprises Development Agency (PLASMEDAN)’s account, and we noticed that funds were diverted to accounts related to the state government and its agencies and that no disbursement was made through the initial beneficiaries, i.e. the SME's (Artisans, traders, small holder farmers, entrepreneurs and market women.), where about 60% of the funds was supposed to go to”, he said.

One photo below. 

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