CHRISTMAS CASH GRANT: BE WARY OF SCAMMERS- OGUN GOVT WARNS RESIDENTS. (PHOTO). #PRESS RELEASE.

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 Christmas Cash Grant: Be wary of scammers- Ogun Govt warns residents  Ogun State Government has  warned residents of the state to be wary of scammers claiming that there is ongoing Chrismas Cash Grant for residents  from Governor Dapo Abiodun,  saying such message did not emanate from the government.  This was contained in a statement signed by the Special Adviser to the Governor on Media and Strategy,  Hon.  Kayode Akinmade, the copy which was made available to newsmen in Abeokuta,  the Ogun State capital on Saturday.  The statement expained that the said message on social media platforms is  the usual antics of fraudsters to swindle unsuspecting members of the public as they warned residents to disregard it in totality. " We hereby warn residents of the state to disregard such message as antics of unscrupulous elements who are always out during festive periods like this to defraud innocent citizens of their hard earned resources"...
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NAIRA CRISIS: FG MAY DEMAND $10BN COMPENSATION FROM BINANCE. (PHOTO).

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 Naira crisis: FG may demand $10bn compensation from Binance


The Federal Government may demand over $10bn from Binance as a penalty amid moves to salvage the value of the naira.


Special Adviser to the President on Information and Strategy, Bayo Onanuga, revealed this in a Friday morning interview with the BBC.


Onanuga alleged that Binance profited substantially from its “illegal transactions” in Nigeria while the nation suffered heavy losses.


He also argued that the company is neither registered in Nigeria nor has any presence in the country, adding that some users leveraged the platform to arbitrarily determine dollar-naira rates which saw a sharp decline in the value of the naira.


Giving further clarification to our correspondent on the matter, Onanuga stated, “I said compensation is being discussed and a fine is being contemplated. I used the word ‘May’. “


The Presidential Spokesperson affirmed that the cryptocurrency exchange platform is cooperating with the Nigerian government by providing useful information, and has since suspended naira-denominated transactions.


The Office of the National Security Adviser confirmed that the crypto exchange platform is under investigation by Nigerian authorities.


The development comes months after Binance pleaded guilty, agreeing to pay $4.3bn to settle criminal money laundering charges levied by the U.S. Department of Justice.

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