PRESIDENT TINUBU CONGRATULATES TEAM NIGERIA ON OUTSTANDING PERFORMANCE AT THE COMMONWEALTH GAMES IN GLASGOW. (PHOTO).

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 PRESIDENT TINUBU CONGRATULATES TEAM NIGERIA ON OUTSTANDING PERFORMANCE AT THE COMMONWEALTH GAMES IN GLASGOW ​President Bola Tinubu congratulates Team Nigeria on their remarkable performance at the Commonwealth Games in Glasgow, Scotland. The ​President celebrates the athletes for demonstrating the resilience, determination, discipline, and excellence that define the Nigerian spirit. A statement by  Special Adviser to the President, Information and Strategy, Bayo Onanuga says  President Tinubu commends Team Nigeria for flying the country's flag with dignity and pride, affirming that the 24 medals won—10 gold, 7 silver, and 7 bronze—are a testament to their hard work and perseverance. ​The President notes that the experience gained by every athlete will serve as a strong foundation for greater accomplishments in future international competitions and inspire many young Nigerians to embrace the values of commitment and national service. ​President Tinubu praises the leadersh...
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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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