News
Prosecutors have strong evidence against Binance – Federal Government
Against the backdrop of continuing interest in the ongoing trial of rogue online platform, Binance, and one of its chief executives, who allegedly illegally traded in cryptocurrency in Nigeria, the Minister of Information and National Orientation, Mohammed Idris, has said due processes are being applied in all stages of the trial by the laws of the Federal Republic of Nigeria.
“At all stages, due process has been followed, and prosecutors are confident of their case, based on the facts and evidence gathered.
“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,” Idris said.
The minister explained that Binance, the defendant, has received consular access and all due care, following normal diplomatic protocols and the rule of law, adding that the judge in the case has sufficiently posited that bail was denied because of the flight risk after a co-accused, now the subject of an Interpol warrant, illegally absconded.
It would be recalled that Binance had a turnover in Nigeria of over US$20 billion in 2023 alone, far above the federal budget for health and education, fueling currency speculation and the cost-of-living crisis.
In addition, it is not registered in Nigeria and neither has it ever paid any taxes within the Nigerian jurisdiction, having all the while operated without oversight or any of the normal guardrails to flag criminal activity.
Idris said Binance is an entity whose representatives have been variously imprisoned, fined, sanctioned, and banned in North America, Europe, and Asia in recent years.
“Changpeng Zhao, the billionaire co-founder and former CEO of Binance, is currently serving a four-month prison sentence in the United States after being found guilty of money laundering, while Binance has openly accepted its role in facilitating terrorism, corruption, sanctions busting, and in aiding and abetting paedophile gangs.
“Law enforcement agencies believe Binance operations in Nigeria are part of a broader international pattern. It will be for the courts here, as in other jurisdictions, to hold the company and its executives accountable,” Idris said.
News
Suspected kidnappers abducts 10 travellers in Ondo
No fewer than 10 passengers have been abducted by gunmen along the Owo-Benin highway in Ose Local Government Area of Ondo State.
The gunmen reportedly attacked the commercial bus the passengers were travelling in after which they were marched into the bush.
It was gathered that the passengers were on their way from Akwa Ibom to Akure when the incident happened.
One of the sources, who craved anonymity, disclosed that the driver of the space bus had initially thought that the gunmen were security operatives but realised that they were criminals when they shot sporadically into the air.
” They were kidnapped on the Owo-Ipele road on Saturday morning at about 12 am. Their vehicles were stopped, and they were dragged into the bush to an unknown destination.
“The hoodlums ambushed them and whisked all the occupants of the vehicle into the bush. All the occupants of the vehicle were abducted and nobody heard anything about them since then.
However, the police image maker in the state, Funmilayo Odunlami, however, stated only seven people were kidnapped.
“The police received information that a vehicle was attacked along the Owo/Ifon road, and seven people were suspected to have been abducted.
“Seven travellers were involved; they were coming from Akwa Ibom State in a commercial bus. Our men are already making efforts to rescue the victims from the kidnappers and arrest the perpetrators.”
News
Banditry: End insecurity by 2025 ending – Tinubu gives military marching orders
President Bola Tinubu has issued marching orders to the military to end banditry and general insecurity by the end of 2025.
This was disclosed by the Minister of Defence, Abubakar Badaru, in a viral video.
Following Tinubu’s order, Badaru said the military will continue its onslaught against bandits and all forms of criminalities.
The Minister said bandits are currently on the run and that the military won’t stop until they are all flushed out.
According to Badaru: “The bandits are now on the run, but the military will not rest until we end this thing. The president has given us marching orders to end insecurity in every part of our country by the end of this year.
“The Chief of Defence Staff, NSA are working day and night to actualize that target, as you have seen we are putting pressure on all the theatre operations.
“And indeed, mining activities have been lifted in Zamfara already and this is part of the reason we are meeting today to look at all areas where we have serious security issues and how best we can secure those areas.”
News
50% telecom tariff hike: NATCOMS backs decision as NLC bows to FG’s pressure
The Nigeria Labour Congress bowed to pressure to halt its planned Tuesday nationwide protest against the 50 percent telecommunication tariff hike.
Also, the National Association of Telecoms Subscribers backed the decision by the organized Labour.
Gatekeeper reports that the NLC signed a Memorandum of Understanding with the Federal Government after a meeting with the Secretary to the Government of the Federation on Monday night.
In the MoU signed by the SGF, Senator George Akume, NLC president Joe Ajaero, and the Minister of Labour and Employment, Muhammadu Dingyadi, and the National Secretary of NLC, Emmanuel Ugboaja, both parties agreed to set up a technical committee to resolve gray areas in the 50 percent telecom tariff approval.
However, NLC reiterated its rejection of the tariff hike.
“Arising from the meeting convened by the Federal Government of Nigeria on the proposed 50% hike in telecommunications tariffs in the country, which the Nigeria Labour Congress (NLC) expressed strong opposition to, citing its potential negative impact on the Nigerian workers and the economy with a threat to proceed on a one-day nationwide mass protest, the following resolutions were reached: That there is a need for the parties to sit together in a technical group to resolve most of the thorny areas raised during the discussion; consequently, a 10-man joint committee was set up of five (5) representatives each from the Federal Government and the Nigeria Labour Congress (NLC); and the committee shall conclude and submit its deliberations within two (2) weeks from this 3rd day of February, 2025.
“The parties call on the Nigerian people to remain calm while this committee concludes its assignment,” the communique after the meeting stated.
Earlier, a civic society organisation known as the National Civil Society Council of Nigeria, NCSCN, had announced the suspension of its planned protest against the 50 percent tariff hike.
Recall that last week, NLC announced Tuesday, 4th February, 2025, as a date for a one-day mass protest against the telecom tariff hike.
In a notice last Thursday by NLC National Secretary, Emmanuel Ugboaja, the union had already asked the state congress and affiliate union to mobilise for Tuesday’s mass protest.
This comes after the Nigerian Communications Commission on January 2025 approved a 50 percent telecommunications tariff hike for operators.
The approval has sparked tariff hike controversy in Nigeria’s telecom sector.
NLC and other telecom subscribers had opposed the tariff implementation, citing the persistent economic hardship Nigerians already face.
Subscribers back nationwide protest suspension.
DAILYPOST
-
News1 week ago
Uvisuals Studios and Ark and Rainbow Development Foundation screens short film – LOTUS
-
Entertainment1 week ago
‘Eezee Concept vowed to destroy my career’ – Mercy Chinwo
-
News1 week ago
15 feared dead in Enugu fuel tanker explosion
-
Politics1 week ago
Insubordination: Gov Okpebholo suspends FEWMA boss, Ahmed Musa Momoh indefinitely
-
News1 week ago
Four arrested in Anambra for burning 74-yr-old woman to death
-
News6 days ago
2027: I’m not against coalition – Peter Obi
-
News5 days ago
LAGOS BEGINS 3-DAY FREE HIV TESTING AND COUNSELLING SERVICES IN 19 RIVERINE COMMUNITIES
-
Sports1 week ago
EPL: Salah overtakes Thierry Henry in all-time top goalscorer chart