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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SUBSIDY PAIN: LABOUR TALKS TOUGH, ASUU, PROTESTERS CONDEMN RELIEF PLANS.(PHOTO).

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Subsidy pain: Labour talks tough, ASUU, protesters condemn relief plans


The groaning occasioned by the removal of the fuel subsidy grew louder on Monday as the  Nigerian Labour Congress said it was ready to fight the economic pains and hardship caused by the Federal Government’s decision.


Also, university workers under the aegis of the Senior Staff Association of Nigerian Universities, the University of Lagos chapter of the  Academic Staff Union of Universities, Congress of University Academics and protesting members of the Edo Civil Society Organisations lamented the subsidy removal and it attendant pains. The varsity unions decried the situation, saying the subsidy was ’unintelligently removed.’


The National Assistant Secretary, NLC, Chris Onyeka, said the Central Working Committee of the congress would hold an important meeting today and take a position.


He said all issues around the suffering of the masses because of the recent price hike in PMS price would be addressed at the meeting.


“We are going to give the Federal Government an ultimatum. We have given them enough leverage to take care of Nigerians and make amends, but they have refused to make amends. Let them prepare themselves because we are preparing. We are ready to fight back,” he said,


Meanwhile, the Trade Union Congress has faulted plans to allow state governments to roll out palliatives to citizens to cushion the effects of the hardships caused by the removal of fuel subsidy.


President Bola Tinubu had during his inaugural address on May 29 announced the end of the fuel subsidy regime which instantly shut up the pump price of Premium Motor Spirit popularly known as petrol from N165 per litre to N540. The product currently sells for between N568 and N617 per litre.

 

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