Nigeria denies Binance bribery allegations: ”baseless”

The Nigerian government has responded to allegations that Binance CEO Richard Teng sought a $150 million bribe to agree to criminal charges against the exchange.
According to the industry, on the 9th, Rabiu Ibrahim, Special Assistant to the Director General of the Nigerian Intelligence Agency, said in an official statement that Binance’s claims were baseless.
"Binance CEO's allegations are short on substance. This is the latest attempt by a company to obfuscate the serious criminal allegations it faces in Nigeria," he said.
"This is nothing more than a diversionary tactic and intimidation attempt by Binance," he said. He continued, "The truth of this matter is that Binance is using its platform to facilitate money laundering, terrorist financing, and illicit transactions.
"The fact is that we are under investigation in Nigeria for allegedly allowing its users to use it to manipulate foreign exchange," CEO Richard Teng said in a blog post, citing unnamed Nigerian government officials.
He claimed that his associates had secretly approached Binance demanding $150 million.