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Federal Government Accuses Binance Of Attempting To Blackmail Amid Bribery Allegation
Federal Government Accuses Binance Of Attempting To Blackmail Amid Bribery Allegation
The President Bola Tinubu-led federal government has leveled accusations against the leadership of cryptocurrency trading platform Binance, alleging an attempt to blackmail the government amidst an ongoing trial faced by the company in the country.....KINDLY READ THE FULL STORY HERE▶
In a statement released on Wednesday by the Special Assistant to the Minister of Information and National Orientation, Rabiu Ibrahim, the federal government refuted Binance’s claim that some top government officials were demanding $150 million in cryptocurrency to settle criminal charges against the financial firm.
The government argued that Binance’s claim lacked substance and was intended to blackmail the government.
According to the statement, Binance is being investigated in Nigeria for alleged involvement in money laundering, terrorism financing, and foreign exchange manipulation through illegal trading on its platform.
The government further highlighted that an executive of Binance, who was under court-sanctioned protective custody, had escaped from Nigeria and is now considered a fugitive. Interpol is currently executing an international arrest warrant for the individual in question.
The statement portrayed the bribery allegation as part of an orchestrated international campaign by Binance, facing criminal prosecution in multiple countries, including the United States, to undermine the Nigerian government.
Emphasizing the need for Binance to submit itself to unobstructed investigation and judicial due process, the government stressed that clearing its name in Nigeria would not be achieved through fictional claims and mudslinging media campaigns.
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