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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EFCC ARRAIGNS MAN FOR ALLEGED ILLEGAL DEALINGS IN PETROLEUM PRODUCTS.(PHOTO).#PRESS RELEASE.

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EFCC Arraigns Man for Alleged Illegal dealings in Petroleum Products


The Port Harcourt Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Thursday November 2, 2023, arraigned  Morris Gbiki Karinane before Justice P .I. Ajoku of the Federal High Court sitting in Port Harcourt, Rivers State.

The defendant was arraigned on one -count charge bordering  on alleged illegal dealing in petroleum product without a requisite license.  


The charge reads: "That you, Morris Gbiki Karinane on the 15th day of July, 2023, at Krakrama Waterways in Rivers State, within the jurisdiction of this Honourable Court, without lawful authority to deal in Petroleum Product, dealt in unspecified quantity of Automotive Gasoline Oil (AGO laden in a Wooden Boat and thereby committed an offence contrary to Section 1(17)(a) of the Miscellaneous Offences Act, Cap. M17, Laws of the Federation of Nigeria, 2004 and Punishable Section 1(17)(b) of the same Act".

 The defendants pleaded “not guilty” to the charge when it was read to him.


In view of the plea, prosecution counsel, Dr. B. Ubi prayed the court for a trial date.

However, counsel to the defendant, M .D. Atimi informed the court of his application for bail of the defendant, urging the court to grant his client bail on the most liberal terms.


Justice  Ajoku ordered that the defendant be remanded at the Port Harcourt Correctional Service pending the hearing of bail applications.


The matter was adjourned to November 6, 2023 for hearing of bail application. 


Karinane's case started when he was intercepted and arrested by the officers of Nigerian Navy, NNS Pathfinder, Rumolumeni, Port Harcourt, Rivers State in July 2023 for alleged illegal dealing in petroleum products without license at Krakrama Waterways in Rivers State. He was apprehended onboard a wooden boat containing an unspecified quantity of illegally refined Automotive Gas Oil, AGO.

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