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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CBN SHOULDN'T EXTEND NAIRA SWAP DEADLINE- ATIKU.(PHOTO).

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CBN Shouldn’t Extend Naira Swap Deadline – Atiku

The Peoples Democratic Party presidential candidate, Atiku Abubakar, on Wednesday, asked the Central Bank of Nigeria not to grant a further extension after February 10 deadline for naira swap.

This, he said, had become imperative to ensure the purpose and objective of initiating the redesigning of the currency are not destroyed.

In a statement released in Abuja on Wednesday from his campaign office, Atiku urged the CBN to immediately review the measures it has put in place for ensuring the seamless circulation of the new naira notes.

“The additional ten days will enable our people in the rural areas and ordinary people across the country to take the naira in their possession into the banks. It will also enable the CBN to further circulate the new currency notes among banks so that people can have easy access.

“Within these ten days, I urge the CBN to initiate measures that will alleviate the problems being encountered by the people in exchanging their old naira notes for new ones and getting more new notes into circulation. The CBN may have to consider printing more currency notes to eliminate the current scarcity among ordinary people, especially rural dwellers who need them for their daily transactions.


 

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