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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HIGH-STAKES LEGAL DRAMA UNFOLDS AS EMEFIELE'S TRIAL FACES JANUARY 18 SHOWDOWN. (PHOTO).

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High-Stakes Legal Drama Unfolds as Emefiele’s Trial Faces January 18 Showdown

In a riveting turn of events, the Federal Capital Territory High Court has deferred the continuation of the alleged procurement fraud trial involving the former Central Bank of Nigeria’s Governor, Godwin Emefiele, to January 18, 2024.

Emefiele stands accused of leveraging his position to grant a corrupt advantage, purportedly awarding a staggering N1.2 billion contract for 43 vehicles to CBN staff member Sa’adatu Yaro between 2018 and 2020.

Following his arrest, Emefiele spent time in the confines of the Kuje Correctional Centre, awaiting a ruling on his bail application.

On November 22, Justice Hamza Muazu granted him bail in the substantial sum of N300 million. However, this legal reprieve comes with stringent conditions, as the former CBN governor must secure two sureties, each possessing certificates of occupancy and titles to properties within Abuja’s upscale Maitama district.

As the high-profile case unfolds, the spotlight remains fixed on Emefiele, who, as of now, has been unable to meet the stringent bail conditions.

The scene at the court was intense as armed personnel from the Nigerian Correctional Service escorted him in and out, underscoring the gravity of the allegations surrounding one of the nation’s former financial leaders.

 

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