Politics
Lawmakers denies receiving $140m bribe from fleeing Binance director
Published
8 months agoon
By
Ekwutos Blog
The lawmaker representing Aguata Federal Constituency of Anambra State in the National Assembly, Dominic Okafor, has denied receiving a $140 million bribe from an Executive Director of a cryptocurrency trading platform, Binance, Mr. Nadeem Anjarwalla.
Anjawalla, who is one of the two officials of Binance standing trial alongside the company for alleged tax evasion and other criminal acts, escaped from detention and left the country in March.
An online platform had alleged that the lawmaker received $140 million bribe from the Binance official.
Okafor spoke at a news conference on Friday in Abuja.
He denied the allegation and threatened to take legal action against the organisation.
The lawmaker denied knowledge of such a transaction with the company and described the report as an attempt to tarnish his image.
READ ALSO: Reps commence probe into escape of detained Binance executive
Okafor said he had moved a motion on the matter at the House of Representatives.
He said: “Shortly after I moved that motion which was well received and a lot of people were calling to commend me; I started getting calls from my friends all over the world saying I collected bribe from this very company.
“I did a letter to them which I copied the Speaker, Deputy Speaker, Clerk, Inspector- General of Police, Economic and Financial Crimes Commission (EFCC), and the Department of Security Service (DSS)
“I asked them to retrieve the information within 24 hours if not I will take legal action against them. I am here to exonerate myself from such accusations aimed at tarnishing my image which I have earned over the years.
“For the online media man who accused me of collecting $140 million, I do not think that it is something we would sweep under the carpet. I am discussing with my legal team to know the right action to take.”
The post Rep denies receiving $140m bribe from fleeing Binance director appeared first on Latest Nigeria News | Ekwutosblog
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Biden sabotages Trump as he bans all future oil and gas drilling
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It’s a blatant move to try and sabotage the incoming Trump administration as the MAGA die hard has pledged to reverse Biden’s climate change policies when he takes office in 14 days.
Trump campaigned on a ‘drill baby, drill’ slogan and has pledged to throw out all of Biden’s green energy policies on Day One.
In an effort to get ahead of Trump, Biden declared he is using his authority under the 70-year-old Outer Continental Shelf Lands Act to block all future oil and natural gas leasing in most U.S. coastal waters.
The ban would stop offshoring drilling in all federal waters off the East and West coasts, the eastern Gulf of Mexico and portions of the northern Bering Sea in Alaska.
Biden’s order will not affect large swaths of the Gulf of Mexico, where most U.S. offshore drilling occurs, but it would protect coastlines along California, Florida and other states from future drilling.
The action – which protect more than 625 million acres of federal waters – could be difficult for Trump to unwind, since it will likely require an act of Congress to repeal.
Trump’s spokeswoman Karoline Leavitt mocked Biden’s move writing on X: ‘Joe Biden clearly wants high gas prices to be his legacy.’
She went on to slam the ‘a disgraceful decision designed to exact political revenge on the American people who gave President Trump a mandate to increase drilling and lower gas prices.’
‘Rest assured, Joe Biden will fail, and we will drill, baby, drill.’
During his term, Biden limited new oil and gas leasing on federal lands and waters, drawing criticism from drilling states and companies.
But Trump has vowed to establish what he calls American ‘energy dominance’ around the world as he seeks to boost oil and gas drilling and move away from Biden’s focus on climate change.
Biden said the move was aligned with both his climate change agenda and his goal to conserve 30 per cent of American lands and waters by 2030.
He also invoked the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, saying the low drilling potential of the areas included in the ban did not justify the public health and economic risks of future leasing.
‘My decision reflects what coastal communities, businesses and beachgoers have known for a long time: that drilling off these coasts could cause irreversible damage to places we hold dear and is unnecessary to meet our nation’s energy needs,’ Biden said in a statement.
‘As the climate crisis continues to threaten communities across the country and we are transitioning to a clean energy economy, now is the time to protect these coasts for our children and grandchildren,’ he added.
But the Lands Act, which allows presidents to withdraw areas from mineral leasing and drilling, does not grant them the legal authority to overturn prior bans, according to a 2019 court ruling.
That order came in response to Trump’s effort to reverse Arctic and Atlantic Ocean withdrawals made by former President Barack Obama at the end of his presidency.
Trump signed a memorandum in 2020 directing the Interior secretary to prohibit drilling in the waters off both Florida coasts, and off the coasts of Georgia and South Carolina until 2032.
The action came after he initially moved to vastly expand offshore drilling, before retreating amid widespread opposition in Florida and other coastal states. Biden’s decision will protect the same area with no expiration.
In balancing multiple uses of America’s oceans, Biden said it was clear that the areas he is withdrawing from fossil fuel use show ‘relatively minimal potential’ that does not justify possible environmental, public health and economic risks that would come from new leasing and drilling.
Environmental advocates are hailing Biden’s ban, saying new oil and gas drilling must be sharply curtailed to reduce greenhouse gas emissions that contribute to global warming. 2024 was the hottest in recorded history.
‘This is an epic ocean victory!’ said Joseph Gordon, campaign director for the environmental group Oceana.
Gordon thanked Biden ‘for listening to the voices from coastal communities’ that oppose drilling and ‘contributing to the bipartisan tradition of protecting our coasts.’
He added: ‘Our treasured coastal communities are now safeguarded for future generations.’
But an oil and gas industry trade group said the decision would harm American energy security and should be reversed by Congress.
‘We urge policymakers to use every tool at their disposal to reverse this politically motivated decision and restore a pro-American energy approach to federal leasing,’ American Petroleum Institute President Mike Sommers said in a statement.
Biden has proposed up to three oil and gas lease sales in the Gulf of Mexico, but none in Alaska, as he tries to navigate between energy companies seeking greater oil and gas production and environmental activists who want him to shut down new offshore drilling in the fight against climate change.
A five-year drilling plan approved in 2023 includes proposed offshore sales in 2025, 2027 and 2029. The three lease sales are the minimum number the Democratic administration could legally offer if it wants to continue expanding offshore wind development.
Under the terms of a 2022 climate law, the government must offer at least 60 million acres of offshore oil and gas leases in any one-year period before it can offer offshore wind leases.
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