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National Assembly

House Says Binance Bribery Allegations Is Against Members Not Institution

todayFebruary 15, 2025 11 2

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Oluwakemi Kindness

The House of Representatives on Saturday urged the public to rely on verified facts and not be misled by recycled claims aimed at discrediting it and public officials.

The call follows it concern over bribery allegations made by a Binance official against some members of the 10th House who allegedly demanding a bribe of $150m from him.

The House in a statement by it spokesperson, Akin Rotimi Jnr. said it remains steadfast in its commitment to transparency, accountability, and the protection of Nigeria’s democratic institutions.

He said as an independent arm of government, the House upholds due process, the rule of law, and constitutional oversight.

Importantly, Rotimi Jnr noted that these allegations, which have been previously circulated last year, are directed at individual members, not the institution itself.

According to him, the Honourable Members named have assured the House Leadership that they never had any such dealings as reported.

He said one of the members has already instituted legal action to clear his name, while others affected have been encouraged to do the same in pursuit of justice and the protection of their reputations.

It is also important to highlight that, with the active involvement of both the Nigerian and United States governments, this matter has evolved into a government-to-government engagement.

Notably, in the course of high-level diplomatic discussions, the Federal Government of Nigeria has prioritized national interest over external commercial pressure, including rejecting financial settlement offers from Binance.

These facts raise serious questions about the credibility and intent of the allegations being peddled.

As the matter is now before a court of competent jurisdiction and remains the subject of ongoing diplomatic engagements, the House will refrain from further comment in line with established parliamentary, judicial, and diplomatic principles.

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Written by: Democracy Radio

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