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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NIGER DELTA STATES SECURE $200M WORLD BANK LOANS TO CREATE JOBS.(PHOTO).

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Niger Delta states secure $200m World Bank loans to create jobs

26 December 2022 

Four Niger Delta states have accessed $200 million loans and another $78.4 million grant from the European Union to create jobs.

Minister of State for Budget and National Planning, Prince Clem Ikanade Agba, said his ministry facilitated the loans.

The funds were released to Bayelsa, Delta, Edo and Rivers states under the State Employment and Expenditure for Results (SEEFOR) Project.

Agba said: “The Project involved a concessionary interest-free loan of US$200 million from the World Bank with a grant element of about US$78.4 million from the European Union. It was aimed at enhancing opportunities for employment and access to socio-economic services, while improving public expenditure management systems in the participating States.

“The State Employment and Expenditure for Results (SEEFOR) Project (2014-2020) actually began before the inception of our administration but ended two years after I was appointed Minister of State for Budget and National Planning.

“SEEFOR was a World Bank-funded Project in partnership with the European Union (EU), designed for four (4) Niger Delta States of Bayelsa, Delta, Edo and Rivers,” he added.

On the National Development Plan (NDP), Prince Agba said the Federal Government was considering “Legislative imperatives of the NDP 2021-2025 to ensure continuity of the plan and remove the binding constraints militating against the private sector participation”.

The proposed new laws he said “contains 18 laws and 10 policies and a committee is currently working with a legal firm on this.” (The Nation)


 

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