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

MAIDUGURI COURT JAILS MAN ONE YEAR FOR N9.9M FRAUD.(PHOTO).#PRESS RELEASE


Maiduguri Court Jails Man One Year for N9.9m Fraud

Justice Aisha Kumaliya of the Borno State High Court, Maiduguri has convicted and sentenced David Osigbe Irumekhai to one year imprisonment for criminal misappropriation to the tune of N9,900,000( Nine Million, Nine Hundred Thousand Naira only).

The defendant was first arraigned on December 8, 2022, on one- count charge bordering on criminal misappropriation to the tune of N9.9 m.

The charge reads: “That you, David Osigbe Irumekhai sometime in November, 2020 in Maiduguri, Borno State within the jurisdiction of this Honourable Court dishonestly converted to your own use the total sum of Nine Million Nine Hundred Thousand Naira (N9, 900,000.00) being money belonging to Nuhu Titus and thereby committed an offence contrary to Section 308 of Penal Code Law Cap 102, Laws of Borno State 1994 and punishable under Section 309 of the same Law.”

Irumekhai pleaded not guilty to the charge, prompting a full trial of the case by the Maiduguri Zonal Command of the EFCC.
EFCC's counsel, Mukhtar Ali Ahmed presented three witnesses and tendered several documents in evidence as exhibits.
In her judgment, Justice Kumaliya found Irumekhai guilty, convicted and sentenced him to a fine of N200, 000.00 (Two Hundred Thousand Naira only) or one year imprisonment. She further ordered the convict to pay a balance of N9.4million to his victim or serve additional six years imprisonment.

 Irumekhai's journey to the Correctional Centre began when he converted the sum of N9.9million belonging to Nuhu Titus to his own use. All efforts to make him repay the money proved abortive.

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