CHINA HAS INSTALLED A SMART GOLD ATM IN A SHANGHAI MALL THAT MELTS, EVALUATES, AND TRANSFERS THE VALUE OF GOLD DIRECTLY TO A USER’S BANK ACCOUNT,ALL WITHIN 30 MINUTES AND WITHOUT ANY PAPERWORK.(PHOTO)

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 In a groundbreaking move blending technology and finance, China has installed a smart gold ATM in a Shanghai mall that melts, evaluates, and transfers the value of gold directly to a user’s bank account—all within 30 minutes and without any paperwork. The machine, operated by China’s Kinghood Group, has become a sensation, drawing long queues of people eager to sell their old or generational gold. The ATM is designed to accept gold items weighing over three grams with at least 50% purity. Once inserted, the machine melts the gold, assesses its quality and weight, and then credits the money directly to the user’s account. The system has gained massive popularity, and appointments are now fully booked until May, according to Chinatimes.com. During a demonstration, a 40-gram gold necklace was valued at 785 yuan (around ₹9,200) per gram, resulting in a payout of over 36,000 yuan (about ₹4.2 lakh). This highlights the growing interest among the public in cashing out their gold holdings...
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EFCC ARRESTS OPERATOR OF FAKE DEGREE-AWARDING COLLEGE.{PHOTO}.

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      Operatives of the Economic And Financial Crimes Commission, EFCC, Port Harcourt Zonal Office, have arrested a fake school operator allegedly awarding the National Certificate of Education, NCE and Bachelor of Education degree without authorization and accreditation. 
The suspect, John Ogbonnaya, was arrested in Port Harcourt, Rivers State. He allegedly registered Havana International School of Arts and Science in 2017 with two other suspects: Monday Nwapi and Mrs Justina Okafor. They are holding lectures in two centres in Port Harcourt: Brilliant International Schools, Nsukka Street, Diobu and Paragon Citiy Light College, Agip area. Since the inception of the main school, scores of unsuspecting students have been defrauded and made to pay for Application Forms , School Fees and Project Fees. The students were made to believe that Havana International School of Arts & Science was affiliated to four different institutions: Abia State College of Education( Technical); Ebenezer College of Education, Edda, Ebonyi State, Enugu State College of Education and University Of Calabar, Cross River State. Investigations by the Commission showed that, Havana International School of Arts and Science had no valid affiliation with any of the four Institutions.The National Commission for Colleges of Education, NCCE, had in 2008 barred all Colleges of Education in Nigeria from operating Satellite Campuses or Study Centres. Havana School of Arts and Science allegedly flouted the directive and was operating illegally.The suspect would soon be charged to court.
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