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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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Anxiety grows in Iran amid search for location of president’s helicopter 

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Search teams have yet to find the missing helicopter with Iranian President Ebrahim Raisi aboard.

 

The chopper, which also had Hossein Amirabdollahian, foreign minister; Malek Rahmati, governor of East Azarbaijan province; and Hojjatoleslam Al Hashem, Tabriz Friday prayer leader, on board, crash-landed Sunday afternoon in the Varzaqan region.

 

Over 20 search and relief teams were immediately dispatched to the area to find the missing helicopter, including drones and sniffer dogs.

 

The Iranian armed forces have also deployed commando units and special forces to assist in the search operation. However, foggy weather and the impassability of the area have frustrated efforts.

 

Babak Yektaparast, the spokesperson for Iran’s emergency services, said an emergency helicopter was dispatched to assist but was forced to turn back due to the heavy fog as it could not land in the area.

 

“Unfortunately, continuing aerial operations was no longer possible due to intense fog across the region,” he said, adding that more ambulances were dispatched.

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Ayatollah Khamenei, Iran’s supreme leader, urged citizens to pray for the president and everyone aboard the chopper.

 

“The  Iranian nation must not be concerned or worried; there will be no disruption in the work of the country,” Khamenei said.

 

Iraq and Armenia, both neighbouring countries, have offered support in locating Raisi.

 

The US said it is watching reports and added that President Joe Biden has been briefed.

 

 

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DR Congo army foils ‘coup attempt’

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The Democratic Republic of Congo (DRC) army says it has repelled an attempted coup d’etat.

 

The army said Congolese and foreign fighters were involved in the coup which was reportedly thwarted on Sunday morning.

 

Sylvain Ekenge, the DRC army spokesperson, spoke in a televised address on the state-run RTNC TV.

 

“An attempted coup d’etat has been put down by the defence and security forces. The attempt involved foreigners and Congolese. These foreigners and Congolese have been put out of action, including their leader,” Ekenge said.

 

Ekenge said several suspects have been detained and the “situation is now under control”.

 

The army spokesperson did not give further information about the incident.

 

His statement comes hours after armed men attacked the house of Vital Kamerhe, former chief of staff and close ally of President Felix Tshisekedi.

 

Kamerhe’s residence is about two kilometres from the presidential palace.

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Michel Muhima, Kamerhe’s spokesperson, had said the gunmen clad in military uniform engaged the politician’s guards in a shootout, leaving three people dead.

 

Muhima said two of the deceased were police officers attached to Kamerhe while the other was one of the attackers.

 

The unrest in the country comes amid a dispute in the ruling party over the postponement of an election for the leadership of the country’s national assembly.

 

President Tshisekedi met with parliamentarians and party leaders on Friday in a bid to resolve the crisis.

 

Tshisekedi was reelected as president in December 2023.

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20 rescue teams and drones sent to Iranian president helicopter crash site

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Twenty rescue teams and drones have been sent to the area where a helicopter carrying Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian crashed on Sunday, according to Iranian state news agency IRNA.

 

The pair, along with a group of dignitaries, were aboard the helicopter returning from a ceremony for an opening of a dam on Iran’s border with Azerbaijan when the aircraft “crashed upon landing in Varzaqan region on Sunday,” IRNA English reported.

 

“20 rescue teams and drones have been sent to the area, but due to the impassability of the area, its mountainous and forest conditions, as well as unfavorable weather conditions, especially heavy fog, the search and rescue operation will take time,” IRNA said.

IRNA also reported, citing locals, that the helicopter crashed in the Dizmar Forest area between the villages of Ozi and Pir Davood. Residents said they heard noises from the area, it added.

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Iran’s interior minister Ahmad Vahidi said one of the helicopters in a convoy was forced to make a hard landing due to foggy weather conditions.

 

“Now different rescue groups are moving toward the area, but given that it is foggy and the unsuitable weather and the conditions, it may take some time until they reach where the helicopter is,” said Vahidi during a televised address posted on Telegram by IRNA.

 

He added that there had been some contact with the passengers on the helicopter, but did not have further details.

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