GROUP DEMANDS DECLARATION OF ABA NORTH ASSEMBLY SEAT VACANT, THREATENS PROTEST. (PHOTO).

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 Group demands declaration of Aba North Assembly seat vacant, threatens protest A group known as the Coalition of Aba North Ethnic Youth Groups has mandated the Speaker of Abia State House of Assembly, Emmanuel Emereuwa to declare the Aba North seat vacant in seven days. The Aba North seat has been a subject of controversy since November 27, 2023, when the Court of Appeal sitting in Lagos sacked Destiny Nwagwu of LP and declared Aaron Uzodike of the PDP, the duly elected member to represent Aba North. However, the seat has remained unoccupied since November 2023, as Uzodike of PDP has not been inaugurated by the Speaker, despite his several appeals. A fresh controversy erupted Friday, as the Coalition of Aba North Ethnic Youths Groups, asked the Speaker to declare the seat vacant within seven days or expect a city-wide protest in Aba. A protest letter signed by the leader of the group, Uka Matthew and some other members in Aba, said they have been without a representative in the Abia S
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TURKISH CRYPTO BOSS BAGS 11,196 YEARS FOR FRAUD, OTHERS.(PHOTO).

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Turkish crypto boss bags 11,196 years for fraud, others


A 'disgraced' Turkish crypto founder who fled to Albania and his two brothers have been sentenced to 11,196 years in jail each, the Anadolu state news agency reported Friday.

Prosecutors had asked for Thodex boss Faruk Fatih Ozer, 29, to be sentenced to 40,562 years in prison for money laundering, fraud and establishing a criminal organisation.

“If I were to establish a criminal organisation, I would not have acted so amateurishly,” Anadolu quoted Ozer as telling the court.

His two brothers, Serap and Guven, received the same sentence, which was issued late Thursday after a brief trial, Turkish media reports said.

Turkey is known for issuing massive prison sentences, which became more common after it abolished the death penalty in 2004 to help its efforts to join the European Union.

Ozer was initially reported to have fled Turkey in April 2021 with $2 billion in investor assets, although that figure has since been disputed.

Prosecutors said Ozer had transferred 250 million liras in user assets (worth about $30 million at the time) to three secret accounts when he fled Turkey in April 2021, with much of the money ending up in a Malta bank.

The indictment said the Ozer brothers had caused 356 million liras of damage to clients in all.

The case grabbed local headlines because it coincided with a Turkish crypto boom that has since largely subsided due to heavier government regulation.

Turks began turning to various cryptocurrencies as a defence against a deep slide in the value of the lira that began more than two years ago.

Ozer gained further celebrity status after being pictured meeting with ultranationalist pro-government figures.
He was arrested last year in Albania on an international arrest warrant from Interpol.

— AFP

 

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