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The Nigerian government has frozen more than $37 million worth of cryptocurrency held in wallets believed to be owned by some organisers of August riots.

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The freezing followed an order by the Federal High Court in Abuja.

The judge, Emeka Nwite, gave the order in a ruling delivered August, a copy of the decision seen by PREMIUM TIMES on Tuesday shows.

Mr Nwite issued the order based on an application by the Economic and Financial Crimes Commission (EFCC).

In the ex parte application filed on 8 August and heard by the court on the following day, the EFCC described the assets as proceeds of money laundering and terrorism financing.

There was no objection to the application during the hearing, which was proceeded like an exchange of views between the judge and EFCC’s lawyer, O.S Ujam.

“That an order of this honourable court is hereby made freezing the wallet addresses/accounts stated in the schedule below, which wallets are owned by individuals currently being investigated for offences of money laundering and terrorism financing, pending the conclusion of the investigation,” Mr Nwite ruled shortly after listening to the EFCC’s lawyer.

The wallet with the lion’s share of the assets has USDT37 million (USDT37,061,867,869.3) cryptocurrency, which equals the exact value in American US dollars.

Each of the three other wallets has USDT967, USDT90, and USDT443,512.37, respectively.

An affidavit filed in support of the application for the court order to freeze the cryptocurrency wallets said the assets “are owned by individuals currently being investigated for offences of money laundering and terrorism financing.” The affidavit was sworn to by an EFCC official, Jimada Yusuf.

 

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EDO ELECTION: POLICE ARREST POLITICAL THUGS, RECOVERS FIREARMS IN OVERNIGHT RAIDS, VOWS TO DEAL WITH ILLEGAL ARMS BEARERS AND TROUBLE MAKERS

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The Nigeria Police Force has made a significant breakthrough in its efforts to curb electoral violence in Edo State with the arrest of two political thugs, namely: Edwin Obanor, 43-year-old and Audu Tajudeen, a 41-year-old PDP member from Ugbogbo quarters, Igara Akoko, Edo.


Acting on a tip-off that some individuals had been armed to cause mayhem and distability during the election on Saturday, the police operatives swooped into action and apprehended Obanor, a leader of an armed group, at Oredo Ward 4 at about 9pm and Audu Tajudeen at Igara Akoko, Edo, on the eve of the election. Upon searching the bags in their possession, three cut-to-size locally fabricated pistols were discovered on Obanor, while one locally made gun was recovered from Tajudeen.

These arrests are a testament to the Nigeria Police Force’s commitment to maintaining law and order and ensuring a peaceful electoral process. The police and other supporting security agencies will not tolerate any form of violence or disorderliness during the election in Edo State.

The suspects are currently in custody and will face the full weight of the law. The Police reassures the public of its dedication to protecting lives and property and, therefore, urges citizens to report any suspicious activities to the nearest police station or via our published help lines.


ACP OLUMUYIWA ADEJOBI, mnipr, mipra, fCAI
FORCE PUBLIC RELATIONS OFFICER,
FORCE HEADQUARTERS,
ABUJA.

21ST SEPTEMBER, 2024

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Man arrested for killing his business partner to avoid paying back N500 naira loan.

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Police Arrest Man Who Killed Friend After Obtaining Money From Him Under False Pretense.

Police operatives in Yobe State have arrested a 24-year-old businessman, identified as Yunus Isa, in connection with the d£@th of his friend and business partner, Lawan Adamu.

It was gathered that the suspect allegedly caused the d£@th of the deceased in an attempt to avoid repaying a N500,000 loan he had borrowed from him.

SaharaReporters reports that the deceased and Isa were traders, selling engine oil and other lubricants in Damaturu, the Yobe State capital.
He reportedly took the N500,000 credit facility on false pretence of starting a new outlet with an agreed profit sharing formula. But he later used the capital to marry a wife.
After repeated failure to remit the agreed percentage of the sharing formula, Lawan demanded a refund of his capital, consequent upon which Isa lured his victim to a solitary area of Shago Tara, and st@bbed him multiple times.

He committed the act on Sunday, September 15 and was arrested the following day, September 16.

#wetindeyhappen49ja #Information #Awareness #StayUpdated

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Lady Arrested For Sending Lover’s Nude Picture To His Wife

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A Lagos-based businesswoman, Cynthia, has been dragged before a Chief Magistrate Court sitting in Ojo, for allegedly sending the nude picture of her lover, Mr Reuben, to his wife.

The accused was said to have sent the complaints nude picture and video to his wife after an attempt to blackmail him into paying her N2 million failed

The police told the court that trouble started between the lovers after the accused told the complaint that she was pregnant.

The prosecutor, ASP Simeon Uche, told the court that the accused became angry after she discovered that the complaint had blocked her line, and that attempt to reach him on phone to discuss her pregnancy failed.

“My Lord, all this while the complaint never knew that his lover, who happens to be the accused, had nude videos of him. She took the video during one of their outings.

“At that point, he blocked her from reaching him on phone. She later sent him threat messages, demanding for N2 million.

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