TRUMP ISSUES PARDON TO FORMER REPUBLICAN CONGRESSMAN STEPHEN BUYER AFTER INSIDER TRADING CONVICTION. (PHOTO).

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Trump issues pardon to former Republican congressman Stephen Buyer after insider trading conviction    President Donald Trump has issued a full pardon to former Republican congressman Stephen Buyer, who served nearly two years in prison after being convicted of insider trading tied to post-congressional consulting work. Buyer was sentenced in 2023 to 22 months in prison for illegal stock trades made while working as a consultant and lobbyist. He was ordered to forfeit more than $350,000 in ill-gotten gains and pay a $10,000 fine. He was released from custody in 2025 after his conviction was upheld, with the Supreme Court declining to take up his appeal earlier this year. In issuing the pardon, Trump described Buyer’s service as a judge advocate general in the U.S. Army and his time in Congress as “distinguished and highly productive.” The pardon, dated Thursday and released by the White House on Friday, grants Buyer “a full, complete, and unconditional pardon.” Buyer has maint...
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CALABAR COURT JAILS SEVEN INTERNET FRAUDSTERS. (PHOTO). #PRESS RELEASE

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 Calabar Court Jails Seven Internet Fraudsters


The Economic and Financial Crimes Commission , EFCC, Uyo Zonal Directorate, on Wednesday, July 16, 2025, secured the conviction and sentence of seven internet fraudsters before Justice Ijeoma Ojukwu of the Federal High Court , Calabar, Cross River State.


 


The convicts are: Victor Ekwonwa, Chukwudi Iwueke, Mbam Alexander, Ugorji Emmanuel, Joseph Ekwere Tom, Eze Daniel, and David Okeke.


They were arraigned on one-count separate charges bordering on obtaining under pretence and money laundering.  


 


 The charge against Tom  reads; “That you, Joseph Ekwere Tom, sometime in 2025, within the jurisdiction of this Honourable Court, did take possession and control of $500 (Five Hundred United States Dollars), knowing that the money formed part of the proceeds of an unlawful act, to wit: obtaining money by false pretence, and thereby committed an offence contrary to Section 18(2)(d) of the Money Laundering (Prevention and Prohibition) Act, 2022, and punishable under Section 18(3) of the same Act"


 


The defendants pleaded guilty to the charges  when they were read to them, and in view of their pleas,  prosecuting counsel,  Khamis Mahmud, prayed the court to convict them as charged. 


Thereafter,  Justice Ojukwu convicted and sentenced the convicts to six (6) months jail term each.


Six of the convicts were given the option to pay a fine of ₦1,000,000 (One Million Naira only), except Mbam Alexander, who was given the option of a fine of ₦500,000 (Five Hundred Thousand Naira only).  


The court also ordered Joseph Ekwere Tom and Chiwenikpe Ekwonwa to restitute the sums of $500 and $100 respectively into the EFCC’s Recovery Account.  The judge also ordered that all gadgets used in committing the crimes be forfeited to the Federal Government.


All the convicts bagged their imprisonment when they were arrested for internet crimes.  They were charged to court and jailed.

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