MAN BAGS EIGHT YEARS IMPRISONMENT FOR N132M MONEY LAUNDERING IN LAGOS . (PHOTO). #PRESS RELEASE

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 Man Bags  Eight Years Imprisonment for N132m Money Laundering in Lagos  The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) has secured the conviction of Onatayo Pelumi for money laundering involving funds totalling about ₦132 million. Pelumi was convicted by Justice Osiagor of the Federal High Court, Lagos, on five counts bordering on the retention of proceeds of unlawful activities in bank accounts domiciled with Guaranty Trust Bank (GTBank) and Zenith Bank. The charges alleged that the convict retained various sums of money in the accounts between January 2023 and June 2026, knowing that the funds formed part of the proceeds of unlawful activities. The court sentenced him to three years’ imprisonment, with an option of a ₦300,000 fine, on count One. On counts two, three, four and five, he was sentenced to five years’ imprisonment on each count, with an option of a ₦300,000 fine on each count. The terms of imprisonment are to run concur...
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SCIENTISTS RAISE ALARM AS ASTEROID'S RISK OF IMPACTING EARTH IN 2032 INCREASES. (PHOTO).

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A massive asteroid, estimated to be around 300ft (90 meters) in diameter, is currently hurtling towards Earth, with astronomers warning of a significantly increased risk of impact by 2032. According to NASA's Center for Near Earth Object Studies (CNEOS), the chances of the asteroid, designated 2024 YR, striking Earth on December 22, 2032, have risen to 2.3%, or a 1-in-43 chance.


This updated assessment represents a substantial increase from the European Space Agency's (ESA) previous estimate of 1.3% just a year ago. While the likelihood of impact remains relatively low, astronomers are closely monitoring the situation.


The asteroid's size is comparable to the Tunguska asteroid, which devastated a vast area of remote Siberian forest in 1908. However, astronomers are urging calm, emphasizing that the probability of the asteroid passing by without incident is approximately 99%.


The asteroid was first spotted by NASA-funded skywatchers using a telescope in Chile just before the new year. Its discovery has propelled it to the top of official impact risk lists on both sides of the Atlantic, with a rare rating of three on the Torino Impact Hazard Scale, which ranges from zero (no risk) to 10 (civilization-ending).

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