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DOMINIC OKAFOR: Binance bribery claim and mind games

Abdullahi A BalogunJune 19, 20247 min

“I never knew anything about such transactions. Rather I moved a motion of national importance, something I feel because of my interest in the country Nigeria and not for any personal interest.” – Rep. Okafor The above words are excerpts from the statement made by Rep. Dominic Okafor after he was purported to have demanded a 140 million dollars bribe from Binance executives in the ongoing investigation of the cryptocurrency trading platform. The bribe claim…...

International

Nigeria amends tax evasion charges against Binance

Leah TwakiJune 19, 20243 min

While still facing charges on tax evsion as a corporate entity, the executives of Binance been removed from the sheet In a significant legal shift, the Federal Inland Revenue Service (FIRS) of Nigeria has officially dropped all tax charges against Tigran Gambaryan and Nadeem Anjarwalla, executives at Binance. The decision comes as FIRS chooses to pursue legal action directly against Binance, recognizing that the executives are not the decision-makers within the company and should not...

International

US lawmakers write Biden, seek return of Binance executive detained in Nigeria

NewsroomJune 9, 20244 min

Binance will have every opportunity to defend itself in court against these severe charges of financial crimes against the Federal Republic of Nigeria. The next hearing is on June 20, 2024. Sixteen lawmakers in the House of Representatives of the United States, including House Foreign Affairs Committee Chair, Rep. Michael T. McCaul, (R, Texas), have petitioned President Joe Biden urging him to intervene and ensure the return of detained Binance executive, Tigran Gambaryan, to the...

International

Binance: U.S senators request investigation into alleged false statements to Congress

Sharon EboesomiJune 7, 20244 min

The Securities and Exchange Commission (SEC) has countered Binance for blatant disregard of the federal securities laws. The United States Senators Chris Van Hollen (D-Md.) and Elizabeth Warren (D-Mass.) have written to Attorney General Merrick Garland asking the Department of Justice (DOJ) to conduct an investigation into allegations that the cryptocurrency exchanges Binance and Binance.US made a number of false statements to Congress. The request of both senators who are also members of the Senate...

House of Representatives

Alleged Bribery: Reps Committee demand apology from Binance

Leah TwakiMay 15, 20244 min

The House of Representatives has demanded that Binance Holdings Limited tender an apology to the House and the Nigerian government over alleged bribery allegations. The House of Representatives Committee on Financial Crimes has asked Binance Holdings Limited to tender an apology to the House and Nigeria government for attempting to discredit its integrity through unfounded allegations of bribery. The Committee, in its report revealed by Rep. Peter Abpanke, said it is ready to invoke and...

House of Representatives

BINANCE: Rep denies $140 Million bribery allegation

Elizabeth AtimeMay 11, 20245 min

Bribery allegation: Anambra Rep insists that the motion he moved on Binance had to do with an investigation to find out how Nadeem Anjarwalla escaped from the custody. Rep. Dominic Okafor (Anambra, APGA) has distanced himself from media reports that claimed he collected a bribe of $140 million Dollars from Binance, adding that the publication was an attempt to smear his name. Addressing reporters at the National Assembly on Friday, Okafor who moved a motion...

House of Representatives

Escape of Binance CEO utterly embarrassing – Reps

Leah TwakiMay 8, 20242 min

The House of Representatives has directed the Director of the Department of State Services to take over the investigation and prosecution of personnel found complicit in the escape of Binance executives. The House of Representatives expressed grave concern during plenary on Wednesday over the escape of Binance Executive, Nadeem Anjarwalla from the National Security Adviser’s custody, describing it as “Disappointing, embarrassing, and disturbing.” Lawmakers questioned why someone who had committed heinous acts against Nigeria was...

House of Representatives

Arrest Binance CEO, others now – Reps

Elizabeth AtimeMarch 5, 20243 min

“The Committee will be forced to recommend to the House to arrest Binance executives since they have failed to appear before it,” The Financial Crimes Committee of the House of Representatives has called for the immediate arrest of top executives of Binance Holdings Limited following their failure to appear for the public hearing organised by the panel. The directive was given following the non-appearance of the company which has been accused of a series of...

House of Representatives Senate

LIFE SERVICE: Power, Hunger, Binance, Ways and Means among top issues for NASS

NewsroomMarch 5, 20245 min

As the National Assembly convenes for its upcoming sessions, this LIFE Service presents several pressing issues that are expected to dominate discussions and legislative considerations. The upcoming sessions of the National Assembly are expected to address a range of pressing issues that reflect the current challenges facing the nation. This Legislative Intelligence Forecast Entry (LIFE) outlines key topics likely to be on the agenda, drawing upon recent developments and ongoing challenges facing the nation. From...

House of Representatives

TOP STORY: 7 Controversies in 1st year of the 10th House

Leah TwakiJune 25, 20248 min

The 10th House of Representatives has maintained some steadiness in its first year although pockets of controversies were inevitable The 10th House of Representatives, inaugurated on June 13, 2023, kicked off with election of presiding officers. Rep. Tajudeen Abbas (APC Kaduna) and Rep. Benjamin Kalu (APC Abia) emerged as the Speaker and Deputy Speaker respectively. Few weeks later principal officers were announced to complete the body of leadership, followed by the appointment of 134...

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