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Binance’s bribery allegations false, malicious, defamatory -Rep Onwusibe

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Hon. Ginger Obinna Onwusibe,Chairman, House of Representatives Committee on Financial Crimes
By Our Reporter
Chairman, House of Representatives Committee on Financial Crimes and lawmaker representing Isiala Ngwa North/Isiala Ngwa South Federal Constituency of Abia State, Hon. Ginger Obinna Onwusibe has denied allegation that bribes were demanded from the cryptocurrency firm, Binance and its officers by the committee, describing it as malicious and defamatory.
Onwusibe also denied any coordination with congregational investigation and the Office of the National Security Adviser, ONSA.
Head of Financial Crime Compliance, Binance, Tigran Gambaryan, who was arrested and detained alongside one of his staff members in Nigeria for several months over alleged corruption, had named three members of the House of Representatives for allegedly demanded a bribe of $150million from him to avoid security agencies from swooping on him.
Taking to his verified X (formerly Twitter) handle on Friday, Gambaryan named Philip Agbese, Ginger Onwusibe and Peter Akpanke, all members of the House, as the men who allegedly demanded the huge sum from him.
Reacting to the allegation in a statement titled: “Limited reaction to false, malicious and defamatory publications against me by Tigran Gambaryan of Binance” and made available to newsmen in Abuja, insisted that no bribes were demanded from the firm by the committee on behalf of its members or any other people.
“I want to categorically deny any coordination between our Congressional investigation and the Office of the National Security Adviser (ONSA), particularly, the NSA, Mr. Nuhu Ribadu. No one in the ONSA, including Mr. Ribadu directed us to demand bribes from Binance and its officers on their behalf or ours and no such bribes were ever demanded.
“Similarly, no coordination existed between me, my Committee and the ‘Head’ of the Securities and Exchange Commission (SEC) and the Governor of the Central Bank of Nigeria (CBN) as alleged by Mr. Tigran Gambaryan in his publication today on X as well as the ones he planted in NPR and WIRED publications and no bribes were demanded by my Committee on their behalf.
“As already stated above, our Committee never coordinated with the Economic and Financial Crimes Commission (EFCC) or the Nigerian Financial Intelligence Unit (NFIU) over whom we have oversight powers,” he stated.
Besides the Gambaryan’s post on X, Onwusibe added that his attention was also drawn to a publication in the NPR media website, titled “THE  ‘CRYPTO WIZARD’ VS. NIGERIA” published on February 11, 2025 written by Dina Temple-Raston, Nick Fountain, Jess Jiang, Emma Peaslee and Sean Powers as well as another publication in the WIRED media website titled “THE UNTOLD STORY OF A CRYPTO CRIME FIGHTER’S DESCENT INTO NIGERIA PRISON” published on February 10, 2025 written by Andy Greenberg “all of which contained very damaging, false, malicious and defamatory accusations against me.”
The lawmaker, said he was only giving a limited response “because the issues raised in the said publications are subjudice being subject of a court action initiated by me against Binance and their Managing  Director/CEO, Mr. Richard Teng which is pending before a High Court of the Federal Capital Territory,  Abuja.”
He explained that his Committee had in December 2023 received a petition from a civil society organisation-cum-non governmental organisation, SO/NGO, the Empowerment for Unemployed Youth Initiative alleging multiple financial and economic crimes and irregularities  perpetrated by Binance against the Nigerian economy and State.
“Upon receipt of the said Petition, we wrote to Mr. Richard Teng who is the Managing Director/CEO of Binance, inviting him to appear before the Investigative/Public Hearing set up  by the Committee to investigate the allegations bordering on breach and non-compliance by Binance with extant Laws and Regulations related to their operations in Nigeria.
“Binance and Mr. Teng through their representatives contacted the Committee, in order to agree on a convenient date for them to appear and testify at the ìnvestigative/public hearing and the 10 day of  January 2024 was agreed as a convenient date for a public hearing on the matter
“Before the agreed date of the 10 day of January 2024 when the public hearing was scheduled to  hold, Binance reached out to the Committee to request for a pre-hearing meeting which will afford  them an opportunity to gain deeper insight into details of the allegations against them in order to  assist them in preparing for the investigative/public hearing. The Committee conceded the request by Binance and scheduled the pre-hearing meeting for the 8th day of January 2024 at the National  Assembly complex,” the statement reads in parts.
Onwusibe emphasized that it was Binance who requested for the meeting and not him or the committee, adding that there would have been no meeting between them on January 8, 2024, a day which he was «unavoidably absent from Abuja” due to assignment with another Committee of the House of of which he is a member.
The lawmaker further informed that Richard Teng had on May 7, 2024 published in a Blog Post on the Website,  Binance.Com, an article authored by him titled “TIGRAN GAMBARYAN IS INNOCENT AND  MUST BE RELEASED” which according to him contained false, malicious and defamatory allegations against me”, adding that “on the same date, Teng uploaded the article to his X (formerly Twitter) handle.”
He argued that the specific allegation made by Mr. Richard Teng and Binance initially was that demands for bribes were made by “unknown persons” after they had left the pre-hearing meeting, saying “this is contrary to the allegation now made by Mr. Gambaryan today that demands  for bribes were made during the meeting allegedly held in a room/office equipped with  “fake” cameras and microphones.’
Onwusibe added that until the publications by Teng on May 7, 2024 he was not aware that the executive arm of Federal Government and its agencies were conducting their own separate investigations into the activities of Binance in  Nigeria, insisting that neither himself nor the House of Representatives Committee on Financial Crimes coordinated with any of the agencies.
The lawmaker stated that he would continue to seek appropriate redress, remedies and take all lawful measures, including Court action to clear his “good” name.

Law & Crime

Osun Election: APC,PDP challenge Gov Adeleke’s Victory…As Tribunal Displays 2 Petitions

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By Our Correspondent

Barely three weeks after the Independent National Electoral Commission (INEC) declared governor Adeleke of Accord party winner of Osun election, the All Progressives Congress, (APC) and the Peoples Democratic Party, (PDP) have challenged the outcome of the August 15, 2026, Osun Gubernatorial elections incumbent governor’s victory as Tribunal displays two Petitions

The petitions were confirmed in a notice sighted by our correspondent at the tribunal secretariat in Osogbo on Monday, formally commencing the legal process arising from the August 15 governorship election.

The development followed confirmation by the secretary of the tribunal, Pefe Belemore, that petitions challenging the election outcome had been filed.

According to Belemore, “The necessary notices would be displayed on the tribunal’s notice board before noon on Monday.”

At the opening of the tribunal earlier in the day, Belemore was present in the courtroom alongside other officials of the secretariat as preparations were made for the commencement of proceedings.

The APC and PDP are challenging the outcome of the election, which returned Adeleke as governor for another term in office.

The display of the petitions is expected to pave the way for the service of legal processes on the parties involved and subsequent proceedings before the tribunal.

The APC’s petition, marked EPT/OS/GOV/01/2026, was filed by its governorship candidate, Bola Oyebamiji.

Oyebamiji listed Adeleke, the Accord and the Independent National Electoral Commission, INEC, as respondents in the petition challenging the election outcome.

The PDP’s petition, marked EPT/OS/GOV/02/2026, was filed by Adebayo Olugbenga Adedamola against Adeleke, INEC and the Accord.

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Law & Crime

IPC-SPJ Hub Condemns Attack on Kano Journalists, …. Tasks Security Agecies on Protection during Political Rallies

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NUJ National President ,Alhassan Yahaya

By David Owei

The Safety and Protection of Journalists (SPJ) Hub of the International Press Centre (IPC) condemns the attack on journalists who were returning from covering the All Progressives Congress (APC) rally at the Sani Abacha Stadium in Kano on Saturday, 5th September 2026.

Reports reaching the Hub states that, “a vehicle conveying four Radio Nigeria Pyramid FM staff, a journalist from Guarantee Radio and another from Daily Trust, was attacked by hoodlums, who repeatedly hit the vehicle, leaving the driver to sustain injuries, while some of the journalists were hit by broken glass from the damaged vehicle.”

“The incident happened after the APC had held the Tinubu Support Group rally at the Sani Abacha Stadium in Kano,” the report further revealed.

The Executive Director of IPC, Mr. Lanre Arogundade in a statement described the unfortunate incident, as a serious concern and threat to press freedom, considering the damage on a Radio Nigeria, Pyramid FM vehicle.

Mr. Arogundade noted that, “the campaigns and rally just recently started, and journalists should not be subject to any form of attack at this time, when political activities are gradually increasing ahead of the general elections.”

The Hub is therefore calling on all security agencies to at this time be intentional about safeguarding journalists, especially those deployed to the field to cover political activities, especially during large gatherings where journalists are exposed to potential risks.

The Hub is also admonishing media organisations and journalists covering elections to always conduct security scan and safety consciousness in coverage of electoral issues.

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Law & Crime

N33.75bn Cash Transfer: HURIWA Demands Suspension, EFCC Probe, Recovery

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By George Mgbeleke

The Human Rights Writers Association of Nigeria (HURIWA) has demanded the immediate suspension of officials in charge of the National Cash Transfer Office and ordered a full-scale investigation into the N33.75 billion cash transfer that the Auditor-General for the Federation and states have failed to properly account for.

HURIWA in a statement by its national coordinator, Comrade Emmanuel Nnadozie Onwubiko emphasized that Nigerians cannot continue to watch helplessly as billions of naira meant for poor and vulnerable citizens disappear into unverifiable transactions.

The group called on the Economic and Financial Crimes Commission (EFCC) to launch a vigorous forensic investigation, trace every naira, and recover any amounts determined to have been wrongly paid, diverted, or misapplied.

The Auditor-General’s findings revealed a significant breakdown in financial controls governing one of the Federal Government’s most sensitive social intervention programs, as payments to 3,295,207 households across 35 states in 2023 could not be authenticated.

HURIWA demands explanations for incomplete beneficiary details on payment vouchers and the unavailability of necessary Remita statements for reconciliation purposes. Disturbingly, auditors were reportedly obstructed by National Cash Transfer Office staff from accessing these records.

HURIWA insists on a thorough investigation to follow the money from government accounts to the final recipients, stating that no official should use bureaucracy to shield themselves as unverified billions remain in limbo. The organization urges the EFCC to verify each payment and identify genuine vulnerable Nigerians among the beneficiaries. Misallocated funds must be recovered, and those responsible held accountable.

Moreover, HURIWA stresses that this situation extends beyond the N33.75 billion, highlighting additional discrepancies totaling N36.74 billion and stressing the need for a comprehensive audit of the entire National Cash Transfer Programme.

HURIWA challenges President Bola Ahmed Tinubu to uphold public accountability and restore faith in government poverty-alleviation efforts. The organization insists that political connections should not shield individuals from accountability and demands prompt action.

HURIWA demands the Federal Government:
1. Suspend officials of the National Cash Transfer Office pending investigation.
2. Direct the EFCC to conduct a full forensic probe into the N33.75 billion and related transactions.
3. Trace every naira and identify persons/entities that received funds.
4. Recover misallocated funds and return them to the Treasury.
5. Publish credible disbursement records.
6. Investigate and prosecute those obstructing auditors.
7. Conduct a full audit of the social intervention programme and publish findings.
8. Prosecute culpable individuals following investigations and due process.

HURIWA urges that the funds meant for vulnerable citizens must reach them and calls for immediate action to restore public trust in government operations.

Find the money. Recover the money. Name those responsible. Prosecute the culpable. Return Nigerians’ money to the Treasury.**

That is the minimum accountability Nigerians deserve.

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