ATIKU APOLOGIZES TO NIGERIAN TEACHERS, CITING 'FAILED LEADERSHIP' AMID ECONOMIC HARDSHIP. (PHOTO).

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 Atiku Apologizes to Nigerian Teachers, Citing 'Failed Leadership' Amid Economic Hardship Abuja, Nigeria - Former Vice President and Presidential Candidate of the African Democratic Congress, Atiku Abubakar, has issued a heartfelt apology to Nigerian teachers, attributing their current economic plight to what he described as the 'failed leadership' of the nation. In a statement released on Monday by his spokesperson, Abubakar expressed deep concern over the escalating cost of living, which he stated is severely hindering teachers' ability to provide for their families and effectively carry out their crucial educational duties. Abubakar, a staunch advocate for education, took a moment to laud the immense sacrifices made by Nigerian educators. Reflecting on his own formative years, he shared a personal connection to the teaching profession. "Of course, I appreciate Nigerian teachers. I am a product of their work and the education I received in their classrooms,...
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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 investigated in Nigeria for allowing its platform to be used for money laundering, terrorism financing, and foreign exchange manipulation through illegal trading.


While this lawful investigation was going on, an executive of Binance, who was in court-sanctioned protective custody, escaped from Nigeria, and he is now a fugitive from the law. Working with the security agencies in Nigeria, Interpol is currently executing an international arrest warrant on the said fugitive.


The phantom bribe claim is part of an orchestrated international campaign by this company that is facing criminal prosecution in many countries including the United States, to undermine the Nigerian government. 


Just a week ago, the founder and former CEO of Binance, Changpeng Zhao, was sentenced to prison in the United States, after pleading guilty to charges very similar to what Binance is being investigated for in Nigeria. In addition, Zhao agreed to pay a fine of $50 million, while Binance is liable for $4.3 billion in fines and forfeitures to the US Government. 


We would like to remind Binance that it will not clear its name in Nigeria by resorting to fictional claims and mudslinging media campaigns. The only way to resolve its issues will be by submitting itself to unobstructed investigation and judicial due process. 


The government of Nigeria will continue to act within its laws and international norms and will not succumb to any form of blackmail from any entity, local or foreign.


Rabiu Ibrahim 

Special Assistant to the Minister of Information and National Orientation.


May 8, 2024

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