A court has sentenced a fraudster to five years in jail for perpetrating a $1.6 million cryptocurrency fraud.
.jpeg)
The Economic and Financial Crimes Commission successfully prosecuted and secured the conviction of Benjamin Ikaa before Justice Emeka Nwite at the Federal High Court, Abuja.
He received a five-year prison sentence for his involvement in a $1.6 million cryptocurrency fraud. The conviction was disclosed in a statement shared on the commission's Facebook page on Thursday.
Ikaa pleaded guilty to a one-count charge, and the prosecuting counsel, Aso Larrys Peter, urged the court to convict him. The defense counsel, Abel Adaji, appealed for leniency, emphasizing the convict's remorsefulness and status as a first-time offender.
Justice Nwite sentenced Ikaa to five years imprisonment with a fine option of N5,000,000. Additionally, Ikaa forfeited an iPhone 13 and a 2013 Toyota Avalon to the Federal government.
The $11,000 recovered from him will be returned to his victims. Ikaa also committed to abstain from cybercrime in the future.
His involvement in the fraudulent scheme, operating a fictitious cryptocurrency investment website, led to the loss of 26 bitcoins by unsuspecting victims as of February.
In 2023, the victims of his fraudulent activities hail from South Africa, Norway, the United Kingdom, and Barbados. When confronted with the evidence of his deceitful dealings, he readily admitted to them.
Popular posts from this blog
Arsenal has initiated contact regarding a potential deal with Osimhen.
.jpeg)
Arsenal, a prominent team in the Premier League, has reached out regarding a potential transfer for highly sought-after Nigerian striker Victor Osimhen. They aim to secure his move from the Italian side Napoli. The 25-year-old has established himself as a prolific striker in Europe during his three-and-a-half years with Napoli, scoring 67 goals in 119 appearances across all competitions. Osimhen, who won the Golden Boot last season with 26 goals in 32 Serie A matches, played a crucial role in Napoli clinching their first Scudetto title in three decades. Despite signing a contract extension until June 2026 in December, the player is expected to leave Napoli in the summer, with interest from top European clubs such as Real Madrid and PSG. In the Premier League, Arsenal and Chelsea are believed to be the main contenders for his signature.
2019 World Tuberculosis Day: ‘It’s time’
World TB Day is one of eight official global public health campaigns marked by the World Health Organization (WHO), along with World Health Day, World Blood Donor Day, World Immunization Week, World Malaria Day, World No Tobacco Day, World Hepatitis Day and World AIDS Day. World Tuberculosis Day, observed on 24 March each year, was designed to build public awareness about the global epidemic of tuberculosis (TB) and efforts to eliminate the disease. In 2012, 8.6 million people fell ill with TB, and 1.3 million died from the disease, mostly in low and middle-income countries. According to World Health Organization , “Each year, we commemorate World Tuberculosis (TB) Day on March 24 to raise public awareness about the devastating health, social and economic consequences of TB, and to step up efforts to end the global TB epidemic. The date marks the day in 1882 when Dr Robert Koch announced that he had discovered the bacterium that causes TB, which opened the way toward
Some Governors are enjoying Insecurity in South East – Imo House of Reps member, Ugochinyere Ikenga, says
.jpeg)
A House of Representatives member representing Ideato Federal Constituency in Imo state, Ikenga Ugochinyere, has said that some South-East governors have failed to bring an end to the crisis in the region because they are benefiting from it. Ugochinyere made the allegation while appearing on Arise TV on Wednesday morning, July 12. “There’s so much power that the president has in the constitution that he could use to bring this matter to a close within the shortest possible time. But the South-East leaders need to sit down to find a common ground over this issue of insecurity. The most important thing is that we want peace in the South-East because everywhere is devastated. Erosion is killing us. Infrastructure has collapsed. And then we cannot even sleep because our houses are being burnt and our people are being killed. This is not good. Any leader that wants the progress and unity of Nigeria definitely will open his doors to allow stakeholders to come in to allow stakeholders to fi
Comments