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

REPS RESOLVES TO REVISIT THE ABANDONED WIND POWER FARM PROJECT IN KATSINA. (PHOTO).


 Rep’ Resolves to Revisit the Abandoned Wind Power Farm Project in Katsina 


House of Representatives has resolved to revisit the abandoned Wind Power Farm Project in Katsina State capable of generating additional 10 Megawatts of Electricity to the National Grid.


This was sequel to a motion by a member from Katsina State Alh Murtala Usman Banye, adopted by the lawmakers during a plenary session.


Alhaji Murtala Banye, explained that the project located at Lambar Rimi in Katsina State was introduced to serve as new model, cheaper and cleaner alternative source of energy that could be replicated across the board to rid the country of its frustration with hydro and gas electricity generation sources.


He said the wind power project was envisioned by the Katsina State government in 2005 and later taken over by the federal government in 2007 by the late President Umaru Musa Yar'adua administration to boost sustainable and renewable energy for a better environment.


Mover of the motion further expressed worried that the project, which was scheduled to be completed within 12 months, faced numerous unsuccessful commissions attempts even after the transmission line completion due to negligence and to some extent the devastating security situation in the State.


The lawmaker also maintained that various teams who visited the site including the Minister of power confirmed damages on the abandoned equipment after billions of naira has been expended on the project.


Adopting the motion, the house has directed its committees on power, works, finance,p public procurement and interior to investigate the matter and report to the green chamber in 4 weeks for further legislative action.

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