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HomeNewsNigerian govt reacts to Binance’s $150 million bribe allegation

Nigerian govt reacts to Binance’s $150 million bribe allegation

The federal government has refuted claims made by Binance CEO, Richard Teng, alleging that Nigerian government officials solicited a bribe of $150 million in digital currency to dismiss criminal charges against the company.

In a statement issued by Idris Mohammed, Minister of Information and National Orientation, the government dismissed Teng’s allegations as an attempt by Binance to divert attention from its criminal charges in Nigeria.

The statement highlighted that Binance is under investigation in Nigeria for alleged involvement in money laundering, terrorism financing, and illegal trading. It also noted that an executive of Binance, who was in court-sanctioned protective custody, had escaped from Nigeria and is now a fugitive from the law.

The government emphasized that Binance’s claim of bribery lacks substance and is merely a tactic to undermine Nigeria’s lawful investigation. It pointed out that Binance’s founder, Changpeng Zhao, had pleaded guilty to similar charges in the United States and is currently serving prison time.

The statement concluded by stating that Binance cannot clear its name in Nigeria through fictional claims and media campaigns, urging the company to submit itself to investigation and judicial due process. The government reaffirmed its commitment to upholding the law and international norms, rejecting any form of blackmail from local or foreign entities.

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