The Federal Government, through the Ministry of Information and National Orientation, has dismissed the $150 million allegation against it by the embattled CEO of Binance, Richard Teng.<\/p>\n
A statement signed by the Special Assistant to the Minister of Information and National Orientation, Rabiu Ibrahim, said the allegation is an attempted act of blackmail by a company desperate to obfuscate the grievous criminal charges it is facing in Nigeria.<\/p>\n
\u201cThe 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.<\/p>\n
\n\u201cIn 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 $150 million in cryptocurrency payments to resolve the ongoing criminal investigation against the company.<\/p>\n
\u201cThis claim by Binance\u2019s 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.<\/p>\n
\u201cThe 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.<\/p>\n
\u201cWhile 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,\u201d the statement said.<\/p>\n
FG further stated that the phantom bribe claim is part of an orchestrated international campaign by the company, which is facing criminal prosecution in many countries, including the United States, to undermine the Nigerian government.<\/p>\n
The Nigerian government recalled that 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.<\/p>\n
\u201cIn 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.<\/p>\n
\u201cWe 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.<\/p>\n
\u201cThe 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,\u201d the statement added.<\/p>\n
<\/div>\n
<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The Federal Government, through the Ministry of Information and National Orientation, has dismissed the $150 million allegation against it by the embattled CEO of Binance, Richard Teng. A statement signed…<\/p>\n","protected":false},"author":1,"featured_media":111820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-111819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n
$150m bribe allegation lacks iota of substance, FG replies Binance CEO - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$150m bribe allegation lacks iota of substance, FG replies Binance CEO - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The Federal Government, through the Ministry of Information and National Orientation, has dismissed the $150 million allegation against it by the embattled CEO of Binance, Richard Teng. A statement signed…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-08T21:39:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/images-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"299\" \/>\n\t<meta property=\"og:image:height\" content=\"168\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"$150m bribe allegation lacks iota of substance, FG replies Binance CEO\",\"datePublished\":\"2024-05-08T21:39:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/\"},\"wordCount\":464,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/images-3.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/\",\"name\":\"$150m bribe allegation lacks iota of substance, FG replies Binance CEO - Pointblank News\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/images-3.jpg\",\"datePublished\":\"2024-05-08T21:39:13+00:00\",\"author\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"breadcrumb\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#primaryimage\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/images-3.jpg\",\"contentUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/images-3.jpg\",\"width\":299,\"height\":168},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pointblanknews.com\/pbn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"$150m bribe allegation lacks iota of substance, FG replies Binance CEO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/\",\"name\":\"Pointblank News\",\"description\":\"Just the news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\",\"name\":\"Our Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"caption\":\"Our Reporter\"},\"url\":\"https:\/\/pointblanknews.com\/pbn\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$150m bribe allegation lacks iota of substance, FG replies Binance CEO - Pointblank News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/","og_locale":"en_US","og_type":"article","og_title":"$150m bribe allegation lacks iota of substance, FG replies Binance CEO - Pointblank News","og_description":"The Federal Government, through the Ministry of Information and National Orientation, has dismissed the $150 million allegation against it by the embattled CEO of Binance, Richard Teng. A statement signed…","og_url":"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/","og_site_name":"Pointblank News","article_published_time":"2024-05-08T21:39:13+00:00","og_image":[{"width":299,"height":168,"url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/images-3.jpg","type":"image\/jpeg"}],"author":"Our Reporter","twitter_misc":{"Written by":"Our Reporter","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#article","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/"},"author":{"name":"Our Reporter","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"headline":"$150m bribe allegation lacks iota of substance, FG replies Binance CEO","datePublished":"2024-05-08T21:39:13+00:00","mainEntityOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/"},"wordCount":464,"commentCount":0,"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/images-3.jpg","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/","url":"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/","name":"$150m bribe allegation lacks iota of substance, FG replies Binance CEO - Pointblank News","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#primaryimage"},"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/images-3.jpg","datePublished":"2024-05-08T21:39:13+00:00","author":{"@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"breadcrumb":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#primaryimage","url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/images-3.jpg","contentUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/images-3.jpg","width":299,"height":168},{"@type":"BreadcrumbList","@id":"https:\/\/pointblanknews.com\/pbn\/news\/150m-bribe-allegation-lacks-iota-of-substance-fg-replies-binance-ceo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pointblanknews.com\/pbn\/"},{"@type":"ListItem","position":2,"name":"$150m bribe allegation lacks iota of substance, FG replies Binance CEO"}]},{"@type":"WebSite","@id":"https:\/\/pointblanknews.com\/pbn\/#website","url":"https:\/\/pointblanknews.com\/pbn\/","name":"Pointblank News","description":"Just the news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c","name":"Our Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","caption":"Our Reporter"},"url":"https:\/\/pointblanknews.com\/pbn\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/111819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/comments?post=111819"}],"version-history":[{"count":0,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/111819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media\/111820"}],"wp:attachment":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media?parent=111819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/categories?post=111819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/tags?post=111819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}