OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...

COURT CONVICTS PEER-TO-PEER CRYPTO TRADER IN LAGOS. (PHOTO).#PRESS RELEASE


Court Convicts Peer-to- Peer Crypto Trader In Lagos 

Justice Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos, on Friday, October 6, 2023, convicted one Lawrence Success Karinate, a Peer-to-Peer, P2P, crypto trader for computer-related fraud.

Karinate was prosecuted by the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on one-count charge bordering on cybercrimes, an offence contrary to and punishable under Section 22(2)(b) of the Cybercrimes (Prohibition etc.) Act, 2015.

 The count reads: "That you, Success Lawrence Karinate, sometime in 2023, within the jurisdiction of this Honourable Court, with intent to defraud, fraudulently held out yourself on social media platforms, as a female, bearing the name "Jessie Randall", a fashion influencer, to unsuspecting members of the public, with intent to gain advantage for yourself and you thereby committed an offence, contrary to and punishable under Section 22(2)(b) of the Cybercrimes (Prohibition etc.) Act, 2015.”
He pleaded "guilty" to the one-count charge preferred against him.

Following his guilty plea, counsel to the EFCC, Usman Abubakar Ahmad, called a witness, Taiwo Owolabi, an operative of the EFCC,to review the facts of the matter. Owolabi said the defendant, alongside others, was arrested in the Lekki area of Lagos State on May 26, 2023. 

 "Upon his arrest, he was brought to the EFCC office, where his iPhone and HP computer were analyzed. Fraudulent documents were printed out from his devices, and he made restitution to the tune of N100,000. (One Hundred Thousand Naira). He was further interrogated, and admitted to have engaged in a pig-butchering scam and benefitted the sum of $2000 (Two Thousand United States Dollars) from it.

 Pig butchering scam is a type of fraud in which criminals lure victims into digital relationships to build trust before convincing them to invest in cryptocurrency platforms.
Usman, therefore, applied to tender, in evidence, the defendant’s extra-judicial statement, fraudulent documents printed out from his IPhone, laptop computer as well as the management cheque issued by him. Justice Oweibo admitted them as exhibits A, B, C and C1, D and E respectively and convicted him as charged. 

In his allocutus, Karinate expressed regret for his involvement in the criminal activity and assured the court that he would never engage in internet fraud again.

His counsel, Chikezie Kingsley, prayed the court for mercy, stressing that defendant was a first-term offender.

In his judgment, Justice Oweibo sentenced him to a fine of N200,000( Two Hundred Thousand Naira). 

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