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BRIBERY ALLEGATIONS: Provide evidence in seven days or face legal action — Lawmaker tells Binance executive

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Philip Agbese, a member of the house of representatives, has denied a bribery allegation against him by an executive of Binance Holdings Limited, Tigran Gambaryan.In a post published on X on Friday, Gambaryan recounted his experiences in the hands of some Nigerian lawmakers.

Gambaryan claimed three lawmakers, including Peter Akpanke, and Agbese demanded a $150 million bribe in cryptocurrency payment into their personal wallets.

The Binance executive, however, failed to provide any evidence to support his claims.

In a statement issued on Friday, Agbese said he was not a member of the committee and never demanded a bribe from Binance.

“I am outraged by the false allegations made by Tigran Gambaryan, an executive of the controversial crypto firm Binance, claiming that I was among those who demanded a $150 million bribe from him,” the statement reads.

These allegations are false. I was not part of any meeting with any Binance executive regarding money for any purpose.

“The leadership of the committee took the matter to court, and Binance has already apologized.

“Let it be on record that I am not a member of the Committee on Economic and Financial Crimes. I visited my colleague, Hon. Peter Ankpanke, in his office, where he was meeting with some visitors about an activity of his Committee, with Hon. Peter Anakwe, a member of the Committee present.

We exchanged pleasantries and, in character with my person as an avid pursuer of knowledge, discussed Binance’s activities that did not include any demand from anyone.

“It was during this visit to the office of Hon. Peter Ankpanke, with Hon. Peter Anekwe present, that he told me they were interfacing with Binance Team from abroad over a referral to their Committee.

What transpired between the two of them and the Binance executive after I left the office is left to them.

I never saw those visitors again after that chance meeting and did not afterwards attend any meeting with Binance executives, the EFCC, or the DSS.

“I am aware that when this issue was first raised, the Chairman of the Committee went to court and Binance apologised. So, all inquiries should be directed to the Committee, not to Hon. Philip Agbese.”

Agbese noted that he has never been involved in any cryptocurrency trading and does not have a crypto wallet so he could not have asked for funds to be credited to a “non-existent wallet”.

Agbese urged Gambaryan to either publish any evidence linking him to the bribery accusation or apologize within seven days, or face legal action.

Read the full statement below:

“I am outraged by the false allegations made by Tigran Gambaryan, an executive of the controversial crypto firm Binance, claiming that I was among those who demanded a $150 million bribe from him.

These allegations are false. I was not part of any meeting with any Binance executive regarding money for any purpose.

The leadership of the Committee took the matter to court, and Binance has already apologized.

“Let it be on record that I am not a member of the Committee on Economic and Financial Crimes. I visited my colleague, Hon. Peter Ankpanke, in his office, where he was meeting with some visitors about an activity of his Committee, with Hon. Peter Anakwe, a member of the Committee present. We exchanged pleasantries and, in character with my person as an avid pursuer of knowledge, discussed Binance’s activities that did not include any demand from anyone.

“It was during this visit to the office of Hon. Peter Ankpanke, with Hon. Peter Anekwe present, that he told me they were interfacing with Binance Team from abroad over a referral to their Committee.

What transpired between the two of them and the Binance executive after I left the office is left to them. I never saw those visitors again after that chance meeting and did not afterwards attend any meeting with Binance executives, the EFCC, or the DSS.

“I am aware that when this issue was first raised, the Chairman of the Committee went to court and Binance apologised.

So, all inquiries should be directed to the Committee, not to Hon. Philip Agbese.

“I have never used any cryptocurrency as I do not have a crypto wallet anywhere in the world, so I could not have asked for funds to be credited to a non-existent wallet.

Gambaryan and his associate, who escaped from prison, should return to the EFCC and defend themselves. Instead of trying to implicate me, they should focus on addressing the allegations against them.

As a consequence of the foregoing, I demand that Tigran Gambaryan publishes any evidence that links Hon. Philip Agbese to the issue. The man has spewed many other lies in his report about the government demanding information on opposition elements and other outrageous claims.

I further demand that, failing to provide evidence as stated, Tigran Gambaryan must cause a retraction of his malicious claims and publication and apologise to me within the next 7 days or face legal action from my lawyers.

This is not the first allegation against me by a foreign entity.

The first was that I work for the past government and the Armed Forces to promote Nigeria’s agenda, which shows the extent of desperation by entities that are interested in undermining public office holders they perceive as nationalistic.

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Dangote Foundation Takes Over Aliko Dangote Skills Acquisition Centre Kano

Under the agreement, the Foundation will manage the multi-million naira facility for a number of years and operate programmes aimed at equipping young people with technical, digital and industrial skills.

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The Aliko Dangote Foundation has taken over the management of the Aliko Dangote Skills Acquisition Centre in Kano state.

The Memorandum of Understanding was signed between the Foundation and the Kano State Government, on Friday.

Under the agreement, the Foundation will manage the multi-million naira facility for a number of years and operate programmes aimed at equipping young people with technical, digital and industrial skills.

Chairman of the Manufacturers Association of Nigeria (MAN), Kano-Jigawa Branch, Muhammad Bello Isyaku Umar, described the intervention as “far-reaching and impactful,” saying skills acquisition remained one of the most effective ways of addressing youth unemployment in Nigeria..

“Programmes such as the Aliko Dangote Skill Acquisition Centre can equip young people with practical skills that enable them to become entrepreneurs, artisans or employees. The emphasis should increasingly be on modern technical, digital and industrial skills,” Umar said.

He described Kano as the economic and commercial hub of northern Nigeria and said the Foundation’s interventions across the region had extended to several sectors.

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Okin Biscuits Set For Comeback After 17 Years, Targets Revival Of Jobs, Local Manufacturing

Founded in the 1980s by the late Chief Emmanuel Olatunji Adesoye, an illustrious son of Offa, Okin Biscuits grew into a household name with products including Okin Coasters, Shortcake and Okin Cabin Biscuits.

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By Ochefa

After 17 years off the shelves, Okin Biscuits, one of Nigeria’s once-popular indigenous biscuit brands, is set to return to production as efforts intensify to revive the Ijagbo, Kwara State-based factory.

The planned comeback marks a significant attempt to restore one of the country’s old manufacturing brands while potentially reopening a major source of employment and economic activity in the community.

Founded in the 1980s by the late Chief Emmanuel Olatunji Adesoye, an illustrious son of Offa, Okin Biscuits grew into a household name with products including Okin Coasters, Shortcake and Okin Cabin Biscuits.

At its peak, the company provided direct and indirect employment to more than 2,000 people before production was eventually halted in 2009.

The shutdown reflected some of the structural problems that have continued to undermine Nigeria’s manufacturing sector, including harsh operating conditions, intense competition, inadequate infrastructure, vandalism and the theft of critical production equipment.

With the factory no longer producing, its products gradually disappeared from retail outlets and homes in Kwara, Lagos and other parts of the country.

Factory Undergoing Major Rehabilitation

However, the industrial facility is now showing signs of renewed activity.

A visit to the factory in Ijagbo showed that extensive rehabilitation work is underway across the complex.

The main factory building, which houses the production machinery, as well as the administrative block and other facilities, are undergoing comprehensive renovation.

The premises have already assumed a significantly different appearance, suggesting that the revival project has moved beyond plans and into physical reconstruction.

The management recently announced through its official Facebook page that production machinery was being test-run.

It said biscuits rolled off one of the rehabilitated production lines on August 25, 2026, marking the first production from the factory in 17 years.

The development is significant not merely as the return of a nostalgic consumer brand, but as an example of how the rehabilitation of abandoned industrial assets could contribute to renewed domestic production and employment.

For Nigeria, where manufacturers continue to contend with high energy and logistics costs, infrastructure constraints, foreign exchange pressures and strong competition from imported products, the reopening of an existing manufacturing facility could offer a potentially faster route to industrial capacity expansion than building an entirely new factory.

Community Backs Revival

…biscuits rolled off one of the rehabilitated production lines on August 25, 2026, marking the first production from the factory in 17 years.

The planned resuscitation has also attracted strong support from the Offa community.

The Aare Bobaselu of Offa, Chief Abdulatif Adekunle Ajeigbe, described the development as “heartwarming,” linking it to the broader Offa Mega City project championed by the Olora of Offa, Oba Muftau Mohammed Gbadamisi, Esuwoye II.

According to him, members of the community had made several efforts to revive the moribund factory, including exploring the possibility of group financing.

“We did our best to see that the factory came back to life, but it was the children of the late Asiwaju of Offa and the founder of the factory, Chief Emmanuel Olatunji Adesoye, who insisted on carrying on their father’s legacy through the factory,” he said.

Ajeigbe commended the founder’s children for their determination to preserve the family’s industrial legacy and bring the factory back into operation.

More Than A Brand Revival

The return of Okin Biscuits also highlights the wider economic value embedded in Nigeria’s abandoned industrial assets.

The company’s earlier success created employment not only within the factory but across its supply and distribution networks, including raw-material suppliers, transporters, distributors, retailers and other service providers.

A successful reopening could therefore have an economic impact extending beyond the factory gates, particularly if production eventually returns to significant capacity.

The bigger test, however, will be whether the revived company can operate sustainably in an increasingly competitive Nigerian consumer market.

The new investors will have to contend with production costs, energy supply, distribution challenges, consumer purchasing power and competition from both established domestic manufacturers and imported brands.

For Okin, the challenge is therefore not simply to restart the machines, but to build a commercially viable manufacturing operation capable of sustaining production, protecting jobs and reclaiming market share.

If successful, the return of Okin Biscuits could become more than a nostalgic homecoming for Nigerian consumers.

It could provide a practical demonstration that some of the country’s dormant industrial assets can be rehabilitated, modernised and returned to productive use.

After 17 years of silence, the sound of Okin’s production lines running again may therefore signal the beginning of a new chapter for one of Nigeria’s forgotten manufacturing brands.

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Dangote to launch Refinery’s IPO September 14 or 16

Dangote disclosed this on Thursday while speaking to investors and analysts in Botswana.

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Aliko Dangote, chief executive officer (CEO) of the Dangote Group, says the initial public offering (IPO) of Dangote refinery will open in the next 10 to 12 days.

Dangote disclosed this on Thursday while speaking to investors and analysts in Botswana.

The refinery had announced plans to launch a Pan-African IPO, offering at least 10 percent of its refining business to fund a $40 billion expansion objective.

On August 18, the refinery said it had completed a $1 billion underwriting programme ahead of the planned IPO.

Speaking during his visit to the southern African country, Dangote said his ambition was to double the refinery’s capacity.“So our dream is that we want to make sure we double the capacity of the refinery… which will take us to 1.4 million barrels per day. The IPO will open in the next 10 to 12 days,” he said.

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