BINANCE FALSE CLAIM ON BRIBERY DIVERSIONARY . (PHOTO). #PRESS RELEASE.

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 FEDERAL MINISTRY OF INFORMATION AND NATIONAL ORIENTATION  PRESS STATEMENT  BINANCE FALSE CLAIM ON BRIBERY DIVERSIONARY  The Federal Government of Nigeria is aware of attempts by Binance to launder its impaired image as an organisation that does not play by the rules and laws guiding business conduct in sovereign nations. In a blog post that has now been published by many international media organisations, in an apparent well-coordinated public relations effort, Binance Chief Executive Officer Richard Teng made false allegations of bribery against unidentified Nigerian government officials who he claimed demanded $150m in cryptocurrency payments to resolve the ongoing criminal investigation against the company.  This claim by Binance CEO lacks any iota of substance. It is nothing but a diversionary tactic and an attempted act of blackmail by a company desperate to obfuscate the grievous criminal charges it is facing in Nigeria. The facts of this matter remain that Binance is being inve
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YAHOO BOY LANDS IN JAIL,LOSES N24.3M CASH,THREE EXOTIC CARS IN ILORIN. (PHOTO).#PRESS RELEASE.

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Yahoo Boy Lands in Jail, Loses N24.3m Cash, Three Exotic Cars in Ilorin

The Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, on November 28, 2022 secured the conviction of a 30-year-old man, Yusuf Yusuf Olarewaju, a native of Erin-Ile in Oyun Local Government Area of Kwara State for offences bordering on internet fraud.

Justice Adebayo Yusuf of the Kwara State High Court sitting in Ilorin found Olarewaju guilty of the one count charge brought against him by the anti-graft agency.

Consequently, the judge sentenced him to 6 months imprisonment with option of fine of N200,000. The court also forfeited all the instruments used by the convict to perpetrate the crime, including the proceeds of crime - a Mercedes Benz GLK 2010 model; a Toyota Camry 2013 model; a Toyota Corolla 2005 model, iphone 14 promax and the sum of N24,364,860 (Twenty Four Million, Three Hundred and Sixty Four Thousand, Eight Hundred and Sixty Naira).

Olarewaju’s journey to jail started on October 23, 2022 when he was arrested following actionable intelligence about the activities of syndicates of fraudsters operating in Erin-Ile and environs.

Investigation revealed that Olarewaju, while using a fraudulent email, ksmithkatie27@gmail.com, posed as one Smith Katie, a white female from Missouri, USA, to strike relationships with one James Gibson (Jimmy) and Stephen Speer, both of whom he swindled to the tune of $30,000 USD between 2021 and 2022.

The defendant did not only confessed to the crime, but also pleaded guilty when he was arraigned in court on November 11, 2022.

At the resumed sitting of the case on Monday, Justice Yusuf said he had carefully evaluated the facts of the case; the guilty plea entered by the defendant; the extra-judicial statements of the defendant as well as the exhibits tendered in evidence and was convinced that there were justifiable reasons to convict the defendant. Consequently, the judge pronounced him guilty.



 

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