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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NNPC WAS A BIG PROBLEM TO NIGERIA- GOV. EL-RUFAI. (PHOTO).

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Buhari Government Has Failed In Nigerian Oil And Gas Sector, It Should Have No Stake – Governor El-Rufai

The Kaduna State Governor, Nasir El-Rufai, on Thursday said that the President Muhammadu Buhari-led administration failed and should get out of the oil and gas business.

El-Rufai who asserted that the government fumbled in the sector, said Nigeria was living on taxes, royalties and income taxes.

He ascertained that the Nigerian National Petroleum Corporation was a big problem to Nigeria, noting that it would bring Nigeria to its knees unless it was resolved.

The governor made this disclosure while speaking at KADINVEST, an annual event organised by the Kaduna State Investment Promotion Agency, on Thursday.

He noted that the sectors doing well in the country were entertainment, telecoms, fintech and others that had no government’s involvement.

He affirmed that nothing had changed with the commercialisation of the Nigerian National Petroleum Company in July 2022, noting that though the Group Chief Executive Officer of NNPC Limited, Mele Kyari, was trying his best; the company had failed and had no business being in the sector.

He said, “There is no reason why the Nigerian government should still be in the oil and gas sector. It should just get out, it has failed. By every measure it has failed.

“We are living on taxes. It is PPT, royalties and income tax that are keeping this country going because NNPC claims that subsidy has taken all the oil revenues, I don’t believe that. So, the government should sell everything —the oil and gas sector. I have been making this point since 1999 when I was head of the Bureau of Public Enterprises (BPE). I have not changed my mind.

“The government should get out of whatever is left of electricity. Leave it to the private sector. Maintain the environment. The money will come. Nothing has changed for NNPC other than adding L to it for the limited. They are still taking our money. They are still declaring profits that we don’t see the dividends.

“NNPC is a big problem to Nigeria and unless we resolve it, it will bring Nigeria to its knees. It’s a systemic and institutional problem, it’s beyond one person.”.

 

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