House of Reps denies Binance CEO’s bribery allegation

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The House of Representatives has denied allegations of bribery by cryptocurrency exchange Binance CEO Richard Teng.

Teng accused the House Committee on Financial Crimes, chaired by Ginger Onwusibe , of soliciting bribes at a meeting in January. Teng claimed that Binance representatives were approached by unidentified individuals, who suggested making a payment in exchange…

The meeting, according to Teng, was chaired by Peter Akpanke, the Honourable Philip Agbese, and the Honourable Peter Aniekwe, as well as a clerk. Speaker Abbas Tajudeen also dismissed the bribery allegation in his ruling that the committee never interacted with Binance. The Labour Party candidate for the 2023 general election, Peter Obi, has criticized the Federal Government for introducing the Cybersecurity Levy, saying it will impoverish Nigerians more. The Central Bank of Nigeria directed banks to implement a 0.5% cybersecurity levy on certain electronic transactions.

A police officer has been shot and killed in an ambush by a vigilante group in Taraba State. The incident, according to the Commissioner of Police, David Iloyanomon, occurred on May 4, at Sandirde village, in Gassol local government council. Iloyanomon, who identified the late officer as Assistant Superintendent of Police Tapu Godfrey, said…

 

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