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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N500M 'LARGESSE': I RECEIVED N266M, SENATOR CONFESSES. (PHOTO).

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 N500m ‘Largesse’: I Received N266m, Senator Confesses


Senator representing Abia South, Enyinnaya Harcourt Abaribe, has said contrary to the claim that some ranking senators received N500 million from the 2024 budget, he had only received N266 million.


A federal lawmaker representing Cross River North, Senator Jarigbe Agom-Jarigbe, had during plenary, on Tuesday, said that some senior senators had received N500 million each from the 2024 budget.




The revelation came on the heel of an ongoing controversy over an allegation of budget padding made by Senator Abdul Ningi in an interview with BBC Hausa.


Ningi had earlier accused the Senate of padding the 2024 budget, saying the National Assembly added an extra N3.7 trillion to the initial budget.


Reacting to the development, during a chat with ARISE TV, Senator Abaribe said Ningi knew it was a mistake claiming what he could not prove, because he was not a new member in the Senate.


Abaribe added that despite him, himself, being a senior senator, he had not received the N500 million alleged by Jarigbe.


He said, “Senator Ningi knew it was going to be a mistake. He knew. He’s a member of the Senate. He can’t say he didn’t know. He’s an old Senator. He has been in the Senate before. He knew that this wasn’t correct.


“I never got 500 million. I think Jarigbe tried to clarify his statement. He came back subsequently to say, ‘No, Ningi told me I was given’, because he didn’t get. He’s also a ranking Senator.


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“So, I think that at the end of the day, what you see really is that…well, I’m an APGA Senator–the only APGA Senator in the Senate. Maybe being a minority of the minority, they didn’t consider me worthy of being given. Nobody told me about that money.


“I wanted to say that, without equivocation, that both Jarigbe and the Senate leader tried to clarify this issue. Number one: nobody was given 500 million. Even a few of my colleagues called me to say, ‘Ahh you get 500 million we dey beg you for money but you no wan give us one naira out of it.’


“Can you imagine? So, of course I got 266 million for what’s called Zonal Intervention Fund which Nigerians call “constituency project” funds. And this thing takes a budget circle which is twelve months. So if at the end of twelve months you don’t see what’s in the budget for your constituency, then you hold your representatives whether in the Reps or Senate culpable.”

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