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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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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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The reason why the EFCC rejected the method by which Yahaya Bello reported to the commission.

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“Upon realising that Bello came with the governor and some dignitaries, the Executive Chairman directed that no official should attend to him.

“His manner of coming to EFCC was a breach of our protocol. No Nigerian, no matter how highly placed, is expected to come for an invitation in a convoy of vehicles and with a sitting governor.

“To the EFCC, he came with grandeur which is contrary to our procedures.

“There are stages of documentation which Bello skipped because he was with the governor who has immunity.

“The EFCC also did not invite the governor. So, what was the basis for accompanying Bello to our headquarters in Abuja?

“We have not been comfortable with the roles of the governor in this case.

“After fulfilling all procedures of documentation, Bello was expected to come with his lawyer(s) and not a governor or Politically Exposed Persons (PEPs).

“We cannot be intimidated or subject our system to political pollution.

“This made the Executive Chairman of EFCC to direct that no official should attend to Bello. He must undergo due process like every invitee.

“The commission was unhappy with the pre-emptive propaganda in the media by Bello’s team which had created false impressions.

“There was a narration that the ex-governor was already in EFCC’s custody.” A source told The Nation.

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