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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OGUN YET TO TAKE POSSESSION OF ABEOKUTA- OTA-LAGOS EXPRESSWAY- GOV. ABIODUN'S AIDE. (PHOTO). #PRESS RELEASE

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 Ogun yet to take possession Of Abeokuta-Ota-Lagos Expressway - Abiodun's aide 

Work is yet to begin on the reconstruction of the Abeokuta-Ota-Lagos Expressway because the Ogun State Government is still waiting for final approval of the concessioning of the road from the Federal Government.


It will be recalled that the Minister of Works, David Umahi, announced in October last year, during a briefing after the Federal Executive Council (FEC) meeting at the Aso Villa, that the Federal Government had finally concessioned the all important road to the Ogun State Government to reconstruct after several efforts made to that effect by the Governor Dapo Abiodun-led administration.


The reconstruction was to be carried out under the Highway Development and Management Initiative (HDMI), with the Infrastructure Concession Regulatory Commission (ICRC) and the Federal Ministry of Finance to be involved in the process.


Special Adviser to Governor Dapo Abiodun on Media, Mr. Kayode Akinmade, speaking on the latest development on Monday, said that although there is a presidential approval for the concessioning, there is no EXTRACT from the Federal Executive Council (FEC) approving the concessioning.


According to Akinmade, the procedure for the concessioning is not complete without FEC's EXTRACT paper.


He noted that after deliberation and approval, the FEC will issue an extract from the office of the Secretary to the Government of the Federation (SGF), transferring the road to the Ogun State Government.


The special adviser said that the Ogun State Government is waiting anxiously for the FEC's nod to proceed with the project.


He added that the FEC Extract is needed to raise funds for the project and also discuss with investors.


Commissioner for Works, Engr. Ade Akinsanya had earlier said the state administration had been providing palliatives to make the roughly 70km road manageable for motorists.


"Ogun State has been rehabilitating the road since 2019. We keep doing palliative works because the governor is always concerned about the suffering being experienced by the people. He remains concerned about the deplorable state of the road until he got what he wanted from the federal government.

 

"With the transfer done now, we are happy and ready to immediately take over the project and turn around the fortunes of the road. It's what we've been looking for, praying for since we came on board. We will take over immediately, subject to paperwork between us and the federal ministry," he had said.

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