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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NNPCL RECORDS OVER N18B PROFIT IN 4 MONTHS- KYARI.(PHOTO).

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NNPCL Records Over N18B Profit In 4 Months -  Kyari


The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited NNPCL Mr Mele Kyari, says the company retail has made a profit of 18.4 billion naira in the first quarter of 2023.


Mr Kyari made this known at the resumed investigative hearing of the house of Representatives Ad-hoc Committee on the Acquisition of OVH Energy by the NNPCL.


This he said was as a result of acquisition of the company OVH energy, which has also resulted in the corporation controlling 30 percent of the downstream sector.


According to him, the corporation has been operating at a loss for a long time. 


"We were struggling to reach fifteen percent of market share in the past, but with this acquisition, we are now hitting up to thirty percent in less than a year.


"This is the dramatic that has happened to the NNPCL as a result of this acquisition and nothing wrong was done in the process as due process was followed. 


The chairman of the committee Mr Hassan Nalaraba, stated that the committee would conduct an oversight visit to the OVH facilities to ascertain what is on ground.


The Speaker Dr Tajudeen Abbas, represented by the house leader Professor Julius Ihonbvere, said the tenth house would work with other arms of government to reposition the energy sector.


According to the Speaker, the Investigative hearing is not a conflict,  but shared understand and exchange of ideas and mutual respect, saying there is nothing the NNPCL will do that would not attract public interest.

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