Reps knock Binance over bribery allegation

The Federal Government has described as blackmail, the allegation by the cryptocurrency exchange giant, Binance, that some officials demanded a $150m bribe to settle the criminal charge filed against the firm.
The Minister of Information and National Orientation, Mohammed Idris, in a statement on Wednesday, dismissed the claims as baseless and part of a wider attempt by Binance to evade accountability for alleged criminal activities.
Recall that Binance’s Chief Executive Officer, Richard Teng, accused unidentified individuals of acting on behalf of officials to demand $150m in cryptocurrency to resolve the tax evasion and money laundering case against the company and its officials.
The House of Representatives, however, denied demanding or collecting bribes from the cryptocurrency platform as insinuated by the Binance’s CEO.