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Headline : FG denies asking Binance for $150 million bribe to drop all criminal charges

Read more from the original article on here at technext24.com.





Tags : #fg #denies #asking #binance #150 #million #bribe #drop #criminal #charges


No. of Paragraph 22

The Federal Government of Nigeria has denied claims that it demanded a bribe of $150 million from Binance executives facing trial in the country. This denial was revealed in a statement by Rabiu Ibrahim, Special Assistant to Nigeria’s Minister of Information and National Orientation, Mohammed Idris.

This is coming in the wake of allegations made by the Chief Executive Officer (CEO) of leading cryptocurrency exchange, Binance Holdings Ltd, Richard Teng. According to Teng, yet to be identified Nigerian government officials demanded a bribe of $150 million in crypto from two of the company’s executives currently facing trial in the country, Tigran Gambaryan and Nadeem Anjarwalla. This allegedly happened before their detention back on February 28, 2024.

But reacting to the allegations, Ibrahim said the claim lacks any iota of substance. describing it as an attempt to blackmail the government. he said it is all part of an orchestrated international campaign by the crypto exchange to undermine the Nigerian government.

“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,” he said.

Read more from the original article on here at technext24.com.


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