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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ELON MUSK PICKS LINDA YACCARINO AS TWITTER CEO. (PHOTO).

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Elon Musk Picks Linda Yaccarino As Twitter CEO
 
Elon Musk has chosen top ad executive Linda Yaccarino to take the day-to-day reins of Twitter as he fights to reverse the tide at the struggling platform he bought for $44 billion last year.

Yaccarino is a highly respected advertising executive who stepped down from NBCUniversal “effectively immediately” on Friday as rumors swirled that she would replace the mercurial tycoon as Twitter CEO.

Twitter is struggling to find its footing after Musk’s controversial takeover that saw him fire thousands of staff and welcome back far-right and controversial figures on the platform, spooking away its highest paying advertisers.

Musk on Thursday teased Yaccarino’s hiring saying in a tweet that he had hired a woman to replace him as boss of Twitter and its newly named X Corporation parent, but without revealing the name.

Yaccarino’s departure from the company that owns NBC, Universal and Telemundo — where she has been since 2011 — came a few weeks after she interviewed Musk at a marketing conference in Miami.

Asked by Yaccarino at the time how it’s been going since the acquisition, Musk replied: “It’s going well…It’s entertaining….It’s a trainwreck sometimes.”

Yaccarino is one of the advertising industry’s most respected executives, but will face an uphill battle trying to attract major companies to come back to the platform.

In a tweet, Musk said he would remain in charge of design and technology at Twitter, with Yaccarino focusing primarily on business operations and turning Twitter into an “everything app” called X.

Musk’s history with the letter X goes back to 1999 when he helped created X.com, an online bank that was bought and later morphed into PayPal.

He has also longed to create a so-called everything app that would be modeled on China’s WeChat which functions as Twitter-like social media as well as offering messaging and mobile payments.

According to the company’s website, at NBCUniversal Yaccarino led a team of 2,000 people and “reengineered the advertising business for the 21st century.”

Musk has fully owned Twitter since late October and has repeatedly courted controversy as CEO, sacking most of its staff, readmitting far-right figures to the platform, suspending journalists and charging for previously free services.

With Yaccarino’s hiring, he is belatedly fulfilling the promise he made to honor the results of a Twitter poll he posted in December.

In that unscientific survey, a total of 57.5 percent of more than 17 million accounts voted for him to step down.

Wall Street had grown frustrated that Twitter was luring Musk away from his other businesses, and share prices in Tesla rose on news he had founded.

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