Nigeria has rejected bribery allegations made by Binance, the world’s largest cryptocurrency exchange, labeling them as a “tactic to divert” attention from the exchange’s activities.
The statement comes in response to a blog post by Binance’s newly appointed CEO, Richard Teng, who claimed that the Nigerian government demanded a $150 million cryptocurrency payment to settle an ongoing criminal investigation.
Nigerian Government Slams Binance’s Bribery Claims
According to Bloomberg, Nigerian Ministry of Information spokesman Rabiu Ibrahim dismissed Teng’s bribery allegations as baseless and lacking substance.
Ibrahim stated that the Binance CEO’s claim was a mere diversionary tactic aimed at shifting focus away from the cryptocurrency exchange’s activities. The Nigerian government firmly denies involvement in any bribery attempts.
According to Teng’s blog post, Binance attended a meeting with Nigerian officials in January, during which criminal allega
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