Binance Founder Sentenced to Four Months in US Prison for Money Laundering
In Tuesday’s most high-profile cryptocurrency case since Sam Bankman-Fried’s imprisonment, the founder of Binance, a cryptocurrency startup, was sentenced to four months in US prison after entering a guilty plea to money laundering charges. A settlement with US authorities led to Canadian Changpeng Zhao’s resignation from the largest bitcoin exchange platform in the world towards…
Fuel Scarcity: Motorists, Commuters Stranded in Abuja, Other Cities
Commuters in the Federal Capital Territory (FCT), Abuja, and various cities nationwide are expressing dismay over the surge in transportation costs due to the prevailing fuel scarcity. Reports said that queues at filling stations have intensified across the country, with Abuja being particularly hard hit. Despite some fortunate motorists managing to secure fuel from select outlets…
EFCC Arrests 34 Suspected Currency Speculators in Abuja
Operatives of the Economic and Financial Crimes Commission (EFCC), attached to the Taskforce on Currency Mutilation, Dollarization of the Economy, and Forex Malpractice, have arrested 34 suspected currency speculators for alleged foreign exchange fraud. The commission announced this through its official X account on Friday. On April 26, 2024, they apprehended a group of individuals in…
FG Set to Acquire 24 Fighter Jets From Italy
The Nigerian government is prepared to acquire a minimum of 24 fighter jets from Italy’s Leonardo to bolster the nation’s air force, as announced by Air Vice Marshal Edward Gabkwet, the spokesperson for the Nigerian Air Force, on Friday. The aircraft are scheduled to be delivered in four batches, consisting of six jets per batch….
Police Detain Yahaya Bello’s ADC, Security
The Nigeria Police Force has apprehended a female police officer serving as the aide-de-camp to the embattled former Governor of Kogi State, Yahaya Bello. The ADC, along with other police officers assigned to 48-year-old Bello, has been detained at the State Criminal Investigation Department in the Federal Capital Territory, Abuja. Their detention follows an order…
Gospel Singer Nathaniel Bassey Petitions IGP Over Defamation
Gospel minister Nathaniel Bassey has formally requested Inspector General of Police Kayode Egbetokun to investigate and prosecute four individuals whom he accuses of criminal defamation and cyberstalking. The petition was submitted to the IGP on April 1, 2024, by Bassey’s legal representatives, Peter Abraham, Uche Matthew, Gbenga Agunloye, and Anthony Abia. Recently, on social media,…
JUST IN: Sunday Igboho Sues Aare Onakakanfo Of Yorubaland, Gani Adams Over Alleged Defamation, Demands N500Million in Damages
Sunday Igboho, the prominent figure in the Yoruba Nation movement, has taken legal action against Iba Gani Adams, the Aare Onakakanfo of Yorubaland, citing defamation of character. Igboho, represented by his legal team led by J. A. Sanusi, lodged a lawsuit at the Oyo State High Court in Ibadan, as per court documents obtained by…
Labour Party Running Mate in Edo: The Defining Issues
It is another political season in Edo State; the political firmament has been ignited with numerous permutations, extensive lobbying, mind-blowing propaganda, character assassination, and exasperating controversies. As the contest heats up and primaries in the various political parties conclude, amidst politics of zoning, competency, fairness, and all other factors, attention has now shifted to who…
NSA Confirms Binance Executive’s Escape from Custody
The Office of the National Security Adviser has verified that Nadeem Anjarwalla, a detained executive from Binance, has absconded from custody. The ONSA announced on Monday that Anjarwalla, a key figure in the investigation into Binance’s activities, evaded capture on Friday. Earlier reports from PUNCH Online, citing Premium Times, had indicated Anjarwalla’s escape on Friday….
FG Files Criminal Charges Against Binance
The Federal Government has launched legal action against Binance, a leading cryptocurrency exchange platform, on allegations of tax evasion. These charges were filed at the Federal High Court in Abuja and were announced on Monday by the Federal Inland Revenue Service (FIRS). The lawsuit, identified as suit number FHC/ABJ/CR/115/2024, accuses Binance of four counts of…