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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FAULTY METERING, OTHERS SETBACK TO TACKLING OIL THEFT- NMDPRA. (PHOTO).

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Faulty Metering, Others Setback To Tackling Oil Theft – NMDPRA

The Nigeria Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA) has blamed faulty metering procedures, faulty instruments and lack of technology as some of the impediments to the efforts of the agencies in tackling oil theft.

A director in the agency, Mr Faruq Ahmed, disclosed this at the resumed investigative hearing of the House of Representatives adhoc committee on crude oil theft.

Mr Ahmed revealed that pipelines, well heads, and flow stations are also the major targets of oil thieves in Nigeria.

According to him, there is no proper monitoring of the metering of the crude oil produced for export due to lack of collaboration among agencies.

A member of the Committee from Rivers State Mr Awaji Abiante observed that pipeline location is not the cause of oil theft but the neglect of oil host communities.

The Chairman of the adhoc committee Mr Alhassan Rurum, insisted that the Group Managing Director of the NNPC Limited and other government agencies must physically appear before the committee to throw more light on their alleged involvement in crude oil theft.

Other agencies that are to appear, according to him, are the heads of Nigeria Maritime Administration and Safety Agency, (NIMASA) and the Nigeria Inland Waterways Authority, (NIWA), which must appear physically for investigation.

Mr Rurum said they are also to come with a list of all other agencies working in all export terminals of all the country’s oil sector.



 

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