The Chief Executive Officer of Binance, Richard Teng has alleged that some Nigerian government officials demanded a bribe from the company to make their investigation QUOTE “go away.”
According to Teng in a blog post on today, the company had engaged with some government officials on January 8 in Abuja, during which the organization was accused of criminal activities bordering on illegal operations in the country and foreign exchange rate manipulations.
He stated that after the meeting with the Nigerian authorities, they were approached by unknown persons who claimed to be representatives of the government officials and suggested to them to make a payment in settlement of the allegations within 48 hours of making the request.
Teng, however, said the offer was rejected through their legal counsel, who demanded an open and official settlement of all pending issues.
The Binance CEO in his blog post added that despite multiple requests, the organization is yet to receive details of the allegations.
Teng added that the said payment request was declined “via our counsel, not viewing it to be a legitimate settlement offer”.
The CEO said Binance clarified that it would engage in settlement negotiations on the conditions that the relevant petition or the details of all allegations were seen