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

ABIA BEGINS RECOVERY OF GOVT PROPERTIES FROM INDIVIDUALS. (PHOTO).


 Abia Begins Recovery Of Govt Properties From Individuals


The government of Abia State on Thursday began the recovery of all government properties left in the hands of certain powerful individuals in Aba, the commercial hub of the state.


The Abia State government through the Greater Aba Development Authority (GADA) recovered two government properties situated at 40A /40B, Ekenna Street, GRA, and another one at Onyeador Street, off Aba-Ikot Ekpene Highway.


Explaining the situation to journalists, the General Manager of the Greater Aba Development Authority (GADA), Mr Uche Ukeje said that it is the responsibility of every government to ensure that the fidelity of the state asset is protected.


He added that it is equally the responsibility of every government to make sure that assets belonging to the state do not find their way to private hands, especially through processes that are not transparent.


According to him, the property at GRA belongs to Abia State Government as it used to be the property of Aba Textile Mills and Assets that was recovered by the past administration from those making use of it, but was later taken by an individual closer to the past government.


In his words, “During the past administration, they recovered it from Church Gate Holdings that was part of Abia State Government partners in Abia Textile Mills and handed it over to the advertisement agency that belongs to the State.


“We discovered that part of the process of looking at what has happened in the near past within the State Government, that the former consultant to Abia State Signage and Advertisement Agency (ABSAA) who was also the past commissioner for Transport, had through a C of O, dated 29th of April, 2023, after the elections were over and winner declared, converted a public asset to his private property.


“As part of the review process that is not political, the process of recovering public Assets that have been transferred to private ownership has commenced in the State and as the days and weeks go by, more of such actions will be taken.”


Speaking on the property at Onyeador, Ukeje said that those who have lived in Aba long enough know that property at Onyeador used to be the property of the state Veterinary Medicine.


“The state needs it for the National Industrial Court that will sited there and we hope that it will be put to public use, instead of transferred to private ownership.”


Ukeje explained that the ongoing recovery is part of the sanitisation process and this is just the beginning, stressing that GADA will continue to discover such assets and recover them for the use of the public as it is meant to be.

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