An Ikeja Special Offences Court, on Wednesday, sentenced a 25-year-old man, Babatunde Shittu, to one year in jail for engaging in and benefitting from $5,000 cryptocurrency fraud.
Justice Olubunmi Abike-Fadipe convicted and sentenced him after he pleaded guilty to a count charge of cryptocurrency fraud preferred against him by the Economic and Financial Crimes Commission . “He is hereby sentenced to one year imprisonment with an option to pay N500,000 fine and embark on 40 hours of community service.”
Source: Digital Coin News (digitalcoinnews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EFCC arrests man for alleged N2billion fraud in LagosOperatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested one Chike Nosa Agada, an unlicensed foreign exchange dealer, for an alleged N2bn fraud.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Court jails man for $30,000 investment fraud in LagosJustice O.O. Abike-Fadipe of the Special Offences Court in Ikeja, Lagos, has convicted and sentenced one Gabriel Ohaohakara to one-year imprisonment for $30,000 crypto investment fraud. Ohaohakara was said to have perpetrated the scam by creating a fake investment and a telegram channel for the same purpose.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Police Identify Man Recorded Shooting AK-47 At Lagos Market ReopeningThe Force Public Relations Officer (FPRO) of the Nigeria Police Force (NPF), ACP Olumuyiwa Adejobi, has revealed that the man filmed firing shots to celebrate
Source: LeadershipNGA - 🏆 4. / 77 Read more »
EFCC Arrests Wanted Suspect For N2bn Fraud In LagosOperatives of the Economic and Financial Crimes Commission (EFCC) have arrested an unlicensed foreign exchange dealer, one Chike Nosa Agada for an alleged N2
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Artisan Bags Life Jail For Defiling Employer’s 9-year-old DaughterJustice Abiola Soladoye of the Lagos State Sexual Offences and Domestic Violence Court in Ikeja has convicted and sentenced an apprentice, Godwin Ogboniya, to
Source: LeadershipNGA - 🏆 4. / 77 Read more »
NYSC disowns advert asking corps members to pay N50,000The management of the National Youth Service Corps (NYSC) has reacted to an advertisement trending on social media sponsored by khaki_corper requesting prospective corps members to pay N50,000 for some listed items which they will need in camp.
Source: DailyPostNGR - 🏆 11. / 59 Read more »