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

HOW FIRE OUTBREAK CAUSED NATIONWIDE BLACKOUT- POWER MINISTER. (PHOTO).


How fire outbreak caused nationwide blackout – Power minister

Minister of Power, Adebayo Adelabu, says fire outbreak caused the collapse of the power grid which threw the entire nation into a blackout on Thursday.

There was total blackout across the country following the collapse of Nigeria’s electricity grid early Thursday morning.

The grid collapsed totally around 12:40 a.m, leading to the massive loss of supply to power distributors nationwide.

But the Minister, who gave details of what led to the development in a Facebook posts on Thursday, explained that a fire outbreak at Kainji/Jebba located in the North-central caused the blackout.

According to Adelabu, “At 00:35Hrs this morning, a fire outbreak with explosion sound was observed on Kainji/Jebba 330kV line 2 (Cct K2J) blue phase CVT & Blue phase line Isolator of Kainji/Jebba 330kV line 1 was observed burning. This led to sharp drops in frequency from 50.29Hz to 49.67 Hz at 0:35:06Hrs with Jebba generation loss of 356.63MW.

“Kainji started dropping load from 451.45 MW at 00:35:07Hrs to zero. At 00:41Hrs frequency dropped further from 49.37 Hz to 48.41Hz then resulted in system collapse of the grid.

“We are on top of the situation and speedy restoration is in progress. The fire has been fully arrested and over half of the connections are now up and the rest will be fully restored in no time.

“My sincere appreciation to those who responded or expressed concern via different channels and the team of Engineers for their prompt response to the situation and work done so far. Let’s get the restoration work completed as soon as possible.

“Delay in update was deliberate, so as not to cause panic and to also be able to update on progress of remedial actions taken so far.

“This is to ensure economic and security saboteurs don’t take advantage of every situation reported.”

 

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