Nigeria Pushes Back Against Binance, Claims CEO’s Bribe Allegation ‘Lacks Any Iota of Substance’
Nigeria has fired back at Binance Holdings’ bribe accusation, claiming it’s a distraction to shift focus away from the exchange’s actions.
The statement on Wednesday followed Binance CEO Richard Teng’s blog post, where he accused a Nigerian government official of pressuring crypto representatives to accept a secret agreement. This agreement would supposedly settle claims the Nigerian government has against the exchange.
“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,” the Ministry of Information spokesman Rabiu Ibrahim said.
He added that the Binance CEO’s claim “lacks any iota of substance.” He also described it as a “diversionary tactic and an attempted act of blackmail.”
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… pic.twitter.com/qKqHaZf7Uw
— Mohammed Idris, FNIPR (@HMMohammedIdris) May 8, 2024
The exchange “will not clear its name in Nigeria by resorting to fictional claims and mudslinging media campaigns,” he added. “The only way to resolve its issues will be by submitting itself to unobstructed investigation and judicial due process.”
Binance didn’t return Cryptonews’ request for comment by press time.
According to Teng, Nigeria’s House Committee on Financial Crimes (HCFC) threatened to arrest Binance employees and bar them from leaving the country.
After leaving the HCFC meeting, unidentified individuals reportedly approached
Read more on cryptonews.com
