The Nigerian Government says the Binance bribery allegation is a diversionary strategy by the crypto company to run away from their wrongdoings.
“The Minister of Information and National Orientation, Alhaji Mohammed Idris, made a statement on Wednesday in Abuja, which was issued by his media aide, Mr. Rabiu Ibrahim.
Jerrymusa.com reports that according to the Minister, the Nigerian government is aware of Binance’s attempts to repair its tarnished image as an organization that disregards the rules and laws governing business conduct in sovereign nations.
Binance Bribery Allegation Explained
“Binance made false allegations of bribery against unnamed Nigerian government officials, claiming they demanded $150 million in cryptocurrency payments to resolve the ongoing criminal investigation against the company.”
This claim lacks any substance and is a diversionary tactic and attempted blackmail by a desperate company trying to obscure the serious criminal charges it faces in Nigeria.”
While the investigation was ongoing, a Binance executive in court-sanctioned protective custody escaped from Nigeria and is now a fugitive. Interpol is executing an international arrest warrant on the fugitive, working with Nigerian security agencies.
“The phantom bribe claim is part of an orchestrated international campaign by Binance, facing criminal prosecution in many countries, including the US, to undermine the Nigerian Government,” Idris said.
The Minister recalled that Binance’s founder and former CEO, Changpeng Zhao, was sentenced to prison in the US last week after pleading guilty to charges similar to those Binance faces in Nigeria
Zhao agreed to pay a $50 million fine, while Binance owes $4.3 billion in fines and forfeitures to the US government. “Binance will not clear its name in Nigeria by resorting to fictional claims and mudslinging media campaigns.”
The only way to resolve its issues is by submitting to unobstructed investigation and judicial due process. The Nigerian government will continue to act within its laws and international norms and will not succumb to blackmail from any entity, local or foreign,” Idris emphasized. Binance bribery allegation against the Nigerian government has been the subject of wide controversy in recent times. It appears the last has not been heard of this just yet.