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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OVER 4,800 ILLEGAL CONNECTIONS ATTACHED TO CRUDE OIL PIPELINES- KYARI. (PHOTO).

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Over 4,800 illegal connections attached to crude oil pipelines – Kyari

Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari has described oil theft and vandalism in the Niger Delta region as a calamity.

Kyari said there are over 4,800 illegal connections on crude oil pipelines in the region and warned that this could frustrate the projections of the Federal Government.

Speaking on Friday in Abuja when he appeared before the Senate Committee on Appropriation on the proposed budget for 2024, Kyari said that the daily oil production would depend greatly on the security situation in the oil rich Niger-Delta region.

He described the act of vandalism and oil theft going on there as a calamity and completely abnormal.

“The situation we have in Niger Delta in terms of security is a calamity. We don’t have that anywhere in the world. To engage non state actors as last resort as solution is abnormal. But we have to respond abnormally.

“You have over 4,800 illegal connections on our pipelines. That means, within every kilometer, you have an insertion. Even if you seal all the insertions, you can’t get what you want in terms of production.

“In the Niger Delta, people are coming from all parts of the country to do illegal refining. That’s why we engage locals to deal with it. We will contain this challenge. We are doing everything possible to restore sanity. What is happening is a colossal damage to the environment and the host communities,” Kyari said.

 

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