Ribadu’s Integrity Defies Binance’s False Accusations

The article discusses Nuhu Ribadu’s integrity while leading the EFCC against corruption, contrasting it with allegations made by Binance’s Tigran Gambaryan about Ribadu seeking bribes. It outlines Binance’s numerous legal issues, including significant financial penalties due to violations of laws in the U.S. and Europe. The article concludes by emphasizing Ribadu’s principled actions compared to Binance’s questionable practices.

In 2007, Nuhu Ribadu led the Economic and Financial Crimes Commission (EFCC) and exemplified integrity by rejecting a $15 million bribe from James Ibori, a corrupt governor. Ribadu chose principle over personal gain, contributing to Ibori’s eventual conviction. Today, accusations from Binance executive Tigran Gambaryan, claiming Ribadu sought bribes for political gain, contradict this history and misrepresent his unwavering commitment to justice.

As the world’s largest cryptocurrency exchange, Binance has a controversial record. In 2023, the U.S. Department of Justice found Binance had committed multiple violations, including anti-money laundering and licensing issues. Subsequently, Binance paid over $4 billion to resolve these legal troubles linked to the Bank Secrecy Act and international economic sanctions.

Recent investigations in France have expanded scrutiny of Binance, indicating potential violations of European money laundering laws. Prosecutors have opened inquiries into allegations of Binance’s involvement in facilitating vast amounts of illicit financial activity, encompassing drug trafficking and tax fraud across the EU.

Given Binance’s concerning legal history, Tigran Gambaryan’s claims against Mallam Ribadu should be regarded skeptically. The comparison of Ribadu’s exemplary career with Binance’s legal challenges highlights a significant discrepancy in their ethical standings. Ribadu’s fight against corruption stands in stark contrast to the operations of a company facing global financial integrity issues.

Nuhu Ribadu’s integrity and principled stance against corruption are well-documented, especially during his tenure with the EFCC. In light of recent allegations from Binance, it’s critical to separate fact from defamation. Binance’s own legal troubles underscore the need for vigilance in maintaining financial integrity. Ribadu remains steadfast in his commitment to transparency, while Binance’s history raises serious questions about its operations.

Original Source: www.premiumtimesng.com