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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COURT ADJOURNS COMPANY,SIBLINGS ALLEGED N10M FRAUD TRAIL TILL JULY 12.(PHOTO).#PRESS RELEASE.

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Court Adjourns Company, Siblings’ Alleged N10m Fraud Trial Till July 12


Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, June 6, 2023, adjourned till July 12, 2023 “for mention” the N10m fraud trial involving a company, Stelmart Nigeria Limited, alongside its Chief Executive Officer, CEO, Mathew Oluwafemi Moses, and Chief Operating Officer, COO, Mathew Veronica Omolayo.


The defendants, who were arraigned on November 8, 2022, are being prosecuted by the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on a nine-count charge bordering on stealing contrary to Section 285(9)(b) of the Criminal Law of Lagos State.


One of the counts reads: "Stelmart Nigeria Limited, Matthew Veronica Omolayo and Matthew Oluwafemi Moses, on or about the 1st February, 2021 in Lagos, within the jurisdiction of this Honourable Court, dishonestly converted to your own use, the sum of N10,000,000 (Ten Million Naira) property of 03 Capital Nigeria Limited."


They pleaded "not guilty" to all the charges.


At today’s sitting, the prosecution counsel, G.K. Latona, informed the court that the matter was for continuation of trial and that the prosecution was ready to proceed with the day's business.


"I have my witness in court," he said.


 However, the defence counsel, Otunba Dele Babalola, informed the court that the defence had applied for consolidation of the trial.


"We have four different cases in different courts. Two are part-heard. And we have

 written to the Chief Judge requesting the charges to be consolidated before one judge," he said.


In response, Latona, however, noted that "from a single transaction, different offences can occur.


“You can talk of consolidation in a civil case and not in a criminal trial."


Latona stressed further that contrary to the claim of the defence, "the trials are not the same."


After listening to all the arguments, Justice Dada adjourned till July 12, 2023 "for mention".

 

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