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Pay N100m Greenfield students’ ransom before it’s too late, Gumi tells CBN

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Islamic cleric, Sheik Ahmad Gumi, has surged government not to take the threat by the kidnappers of students of Greenfield University, Kaduna lightly.

Gumi said the Central Bank of Nigeria should pay the N100m ransom being demanded by the kidnappers of the students.

He made the call as a parent of one of the abductees lamented that the kidnappers were insisting on a ransom of N100m.

The parent, who spoke on condition of anonymity, lamented that the bandits were still insisting on their demands and threatening to kill the students.

No fewer than 23 students and a member of staff of the university were abducted from the school on April 20, 2021. Few days later, five of the students were killed by the bandits.

On Monday, one of the bandits, Sani Jalingo, in an interview with the Hausa service of the Voice of America, demanded N100m and 10 motorcycles for the students to be freed.

He threatened that the failure of the Kaduna State Government or families of the students to meet the demands by Tuesday (yesterday), would lead to the killing of the abductees.

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The parent called on the Federal Government to do everything possible to rescue the students.

He also called on corporate organisations to assist in rescuing the students.

He said the call became imperative as the bandits stood their ground that unless their demands were met the remaining students would be killed.

He said, “The bandits still stand their ground of demanding N100m and ten motorcycles; no individual negotiation.

“We are calling on the government to do whatever it can to see to the release of our children. Our children have stayed long in the forest.

“We don’t know the state of their health at the moment. We don’t know whether they are being fed or how they are treated by the bandits.

“All that we can say now is for the government of the day, especially, the Federal Government and well-meaning Nigerians to come to our aid. We can’t afford the N100m and the motorcycles demanded by the bandits.

“We are also calling on corporate organisations to come under their corporate social responsibilities to assist us to get our children out of the bandits’ den.”

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Gumi, who spoke on Tuesday during a programme of the African Independent Television, Kakaaki, monitored by one of our correspondents, said he needed the support of the Federal Government to rescue the students.

When asked if he was aware of the kidnap of the students of Greenfield University and the Federal College of Forestry, he said “As for the forestry students, we have been trying to see whether we can get some of the herdsmen’s contact so that they can release these people.

“We have also been trying our best but you know we have limitations, there are lots of obstacles on the way but the parents have been really consulting with us.”

On the Greenfield University students, the cleric said, “The issue of the Greenfield students is a little bit more complex.

“There are two groups of bandits. We have the ordinary Fulani ethnic herdsmen and the religious elements, terrorists. That is why we have been telling the government to support us so that we can go in and bring the children out.

“The issue is getting compounded because this element is coming in; Boko Haram is coming into the scene now. They are the ones that captured Greenfield students. It is not a question of sleeping. You have to act very fast.”

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He said, “ The money they are asking for is too much; if I give you that money, you cannot run away with it. Nobody can run. So, why not give them the money, they release the boys and then we pursue them and get our money back and do what is necessary; it is simple logic. So, bring the money from the central bank. How can they move that money? We should not be stupid.

“These people are getting infiltrated; Boko Haram is getting close and they don’t respect the clergy. I need support to get them inoculated against the infiltration of these ideologies, whether Boko Haram or Ansaru, whatever it is. We need to shield them because they are naïve. If there is too much pressure on them, and they see help from Boko Haram, who are richer and have more weapons, it is going to consume everybody.”

 

 

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UPDATED: Act of blackmail — FG says no official demanded $150m bribe from Binance

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The Federal Government has accused Binance of blackmail after the company alleged officials demanded $150 million in cryptocurrency payments as a bribe to settle the prosecution of its executives in Nigeria.

 

On Tuesday, Richard Teng, Binance’s chief executive officer (CEO), said some unknown persons in Nigeria demanded huge payments in digital currency to make their problems in the country “go away”.

 

Teng’s allegation followed the detention of Nadeem Anjarwalla, Binance’s regional manager for Africa, and Tigran Gambaryan, the company’s head of financial crime compliance, in Nigeria, on February 28.

 

The two executives were detained as part of a probe bordering on Binance’s illegal operations in Nigeria and foreign exchange rate manipulations.

 

While criminal charges have been against Binance and Gambaryan, Anjarwalla fled detention on March 22.

However, Anjarwalla was reportedly arrested by the Police Service in April and the International Criminal Police Organisation (Interpol) is working towards extraditing him to Nigeria.

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In a statement by Rabiu Ibrahim, special assistant to the minister of information and national orientation, the government said the allegation by Binance is an attempt by the cryptocurrency exchange to launder its impaired image as an organisation that does not play by the rules and laws guiding business conduct in sovereign nations.

 

“In a blog post that has now been published by many international media organisations, in an apparent well-coordinated public relations effort, Binance Chief Executive Officer Richard Teng made false allegations of bribery against unidentified Nigerian government officials who he claimed demanded $150m in cryptocurrency payments to resolve the ongoing criminal investigation against the company,” the ministry said.

 

“This claim by Binance CEO lacks any iota of substance. It is nothing but a diversionary tactic and an attempted act of blackmail by a company desperate to obfuscate the grievous criminal charges it is facing in Nigeria.

 

“The facts of this matter remain that Binance is being investigated in Nigeria for allowing its platform to be used for money laundering, terrorism financing, and foreign exchange manipulation through illegal trading.

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“While this lawful investigation was going on, an executive of Binance, who was in court-sanctioned protective custody, escaped from Nigeria, and he is now a fugitive from the law. Working with the security agencies in Nigeria, Interpol is currently executing an international arrest warrant on the said fugitive.”

 

BRIBERY ALLEGATION PART OF ORCHESTRATED INTERNATIONAL CAMPAIGN

The ministry said the bribery allegation is part of an orchestrated international campaign by Binance to undermine the Nigerian government.

 

The ministry said Binance is facing criminal prosecution in many countries including the United States.

 

“Just a week ago, the founder and former CEO of Binance, Changpeng Zhao, was sentenced to prison in the United States, after pleading guilty to charges very similar to what Binance is being investigated for in Nigeria. In addition, Zhao agreed to pay a fine of $50 million, while Binance is liable for $4.3 billion in fines and forfeitures to the US Government,” the government said.

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“We would like to remind Binance that it will not clear its name in Nigeria by resorting to fictional claims and mudslinging media campaigns. The only way to resolve its issues will be by submitting itself to unobstructed investigation and judicial due process.”

 

The ministry said the Nigerian government will continue to act within its laws and international norms and will not succumb to any form of blackmail from any entity, local or foreign.

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‘Act of blackmail’ — FG denies officials demanded $150m bribe from Binance

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The Federal Government has accused Binance of blackmail after the company alleged officials demanded $150 million in cryptocurrency payments as bribe to settle the prosecution of its executives in Nigeria. 

On Tuesday, Richard Teng, Binance’s chief executive officer (CEO), said some unknown persons in Nigeria demanded huge payments in digital currency to make their problems in the country “go away”.

 

More to follow…

READ  Build schools for bandits to end insecurity, Gumi tells FG
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Peter Obi condemns cybersecurity levy, says FG more interested in milking dying economy

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Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, says the federal government is more interested in milking a dying economy through the introduction of the cybersecurity levy.

 

In a post on his X account on Wednesday, Obi said the policies implemented by the government not only drive the citizens into poverty but also diminish the country’s competitiveness in the economic environment.

 

According to Obi, it is unreasonable to expect the struggling citizens of Nigeria to individually finance all government activities.

“The introduction of yet another tax, in the form of Cybersecurity Levy, on Nigerians who are already suffering severe economic distress is further proof that the government is more interested in milking a dying economy instead of nurturing it to recovery and growth,” Obi said.

 

“The imposition of a Cybersecurity Levy on bank transactions is particularly sad given that the tax is on the trading capital of businesses and not on their profit hence will further erode whatever is left of their remaining capital, after the impact of the Naira devaluation and high inflation rate.

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“It is inconceivable to expect the suffering citizens of Nigeria to separately fund all activities of the government. Policies such as this not only impoverish the citizens but make the country’s economic environment less competitive.

 

“At a time when the government should be reducing taxes to curb inflation, the government is instead introducing new taxes. And when did the office of the NSA become a revenue collecting centre?

 

“And why should that purely national security office receive returns on a specific tax as stated in the new cybersecurity law?

 

On May 6, the Central Bank of Nigeria (CBN) directed banks and other financial institutions to implement a 0.5 percent cybersecurity levy on electronic transfers.

 

CBN said the policy would take effect in two weeks and charges would be described as ‘Cybersecurity Levy’.

 

The apex bank said the charges would be remitted to the national cyber security fund, which would be administered by the office of the national security adviser (ONSA).

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