Government & Politics

House of Representatives Addresses Binance $150M Bribery Allegations

House of Representatives Addresses Binance $150M Bribery Allegations

The Nigerian House of Representatives has urged the public to rely on verified facts and not be swayed by misleading claims regarding the alleged $150 million bribery demand by three of its members. The lawmakers, Ginger Onwusibe, Philip Agbese, and Peter Akpanke, were accused by Binance’s head of financial compliance, Tigran Gambaryan, of soliciting a bribe to prevent his arrest and prosecution for alleged financial crimes.

In response, both Agbese and Onwusibe have strongly denied the accusations and vowed to pursue legal action to clear their names. The House, in an official statement signed by its spokesperson, Akin Rotimi, dismissed the claims as “recycled” and aimed at discrediting Nigerian institutions and public officials. The statement emphasized the House’s commitment to transparency, accountability, and the protection of Nigeria’s democratic processes.

House Reaffirms Due Process and Legal Oversight

The statement reiterated that as an independent arm of government, the House of Representatives remains committed to due process, the rule of law, and constitutional oversight. It clarified that the bribery allegations are directed at individual members and not the legislative institution as a whole.

The accused lawmakers have assured the House leadership that they had no involvement in the alleged bribery. One of them has already filed legal action to defend his integrity, and others have been encouraged to do the same in pursuit of justice.

Government-to-Government Engagement and Binance Settlement Offers

The House also pointed out that the matter has evolved beyond individual accusations, becoming a government-to-government engagement involving both Nigeria and the United States. During high-level diplomatic discussions, the Federal Government of Nigeria prioritized national interests and rejected financial settlement offers from Binance, raising questions about the credibility and intent behind the allegations.

Legal Proceedings and Official Standpoint

With the case now before a competent court and subject to ongoing diplomatic discussions, the House of Representatives has stated that it will refrain from further commentary in adherence to judicial and diplomatic protocols. It emphasized the importance of allowing due legal and diplomatic processes to take their course.

The Need for Verified Information

The House has cautioned Nigerians to be wary of unverified reports and media narratives that could mislead the public. It reaffirmed its dedication to upholding democratic values, ensuring accountability, and fostering trust in Nigeria’s institutions. As the legal process unfolds, citizens are encouraged to rely on credible sources for accurate information rather than be influenced by speculative reports.

Source: Punch NG

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