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US Prosecutors Push for 36-Month Jail Term for Binance Founder, Zhao in Money Laundering Case

24Apr

By Mariam AbdullahiNo Comments

News

US Prosecutors Push for 36-Month Jail Term for Binance Founder, Zhao in Money Laundering Case

The founder of Binance, the world’s largest cryptocurrency exchange, Changpeng Zhao, may face a 36-month prison sentence as per United States prosecutors. After admitting to violating money laundering laws, Zhao's sentencing is scheduled for April 30 in Seattle, according to Reuters. Last November, Zhao resigned as Binance’s chief following his acknowledgment of the violations, leading to the exchange agreeing to a penalty of $4.32 billion. Prosecutors argue that due to the severity of Zhao’s deliberate breach of US laws and its repercussions, an extended sentence of 36 months is justified. Reuters notes that federal guidelines cap Zhao's potential prison term at 18 months, a duration that Zhao had agreed not to contest. Having been out on a $175-million bond in the US, Zhao's case in...

The Depreciation of Naira Against Dollar – Insights From BDC Operators

24Apr

By Afolake IbidunNo Comments

Business

The Depreciation of Naira Against Dollar – Insights From BDC Operators

According to the Association of Bureau De Change Operators of Nigeria (ABCON), the recent decline of the Naira against the Dollar in the foreign exchange market is attributed to peer-to-peer cryptocurrency platforms, such as Binance. Aminu Gwadabe, the National President of ABCON, shared these observations during an interview with NAN on Wednesday. He emphasized that the Naira's depreciation will persist as long as platforms like Binance remain profitable. Expressing concern, Gwadabe highlighted the impact of the recent Naira depreciation on BDC operators. “I am pleased that both authorities and BDC operators have recognized the influence of peer-to-peer (P2P) platforms," he stated. These platforms, like Binance, enable speculators to utilize the Dollar to acquire USDT, a stablecoin p...

Edo Police Apprehend Two Suspects in Connection with Kidnapping of Female Pastor and Church Robbery

24Apr

By Ofomata EdidiongNo Comments

Metro

Edo Police Apprehend Two Suspects in Connection with Kidnapping of Female Pastor and Church Robbery

Two individuals have been apprehended by law enforcement officials from the Edo State Police Command for their alleged involvement in the kidnapping of Imubhin Juliet, a pastor at Deeper Life Church located in Benin City. The suspects are also accused of perpetrating an attack on church members during the incident. During a briefing with reporters in Benin City, State Police Commissioner Funsho Adegboye identified the arrested suspects as 26-year-old Brown John and 30-year-old Ayodele Aziz. He mentioned that the arrests were made by the command's specialized team following a tip-off received two days after the criminal act. According to the commissioner, Imubhin Juliet, the pastor of Deeper Life Church, reported the unfortunate incident where armed individuals entered the church during...

The operations of Dana Airline suspended by the Federal Government after an aircraft crash-landed at Lagos airport

24Apr

By Adebayo SheriffNo Comments

Press

The operations of Dana Airline suspended by the Federal Government after an aircraft crash-landed at Lagos airport

In response to safety and financial concerns, the federal government has taken the decision to ground the operations of Dana Airline. Announcing the suspension was the Minister of Aviation, Festus Keyamo, on Wednesday An incident occurred where one of the airline’s aircraft, bearing registration number 5N BKI, skidded off the runway at the Murtala Muhammed International Airport in Lagos on Tuesday morning. Further details to follow

Judiciary takes action against Abuja panel beater who stole customer’s car

24Apr

By Ofomata EdidiongNo Comments

Metro

Judiciary takes action against Abuja panel beater who stole customer’s car

In Abuja, a 40-year-old panel beater, Adebo John, was sentenced to three years in prison by a Dei-dei Grade I Area Court for the theft of his customer's car. John, who pleaded guilty and was convicted, begged the court for leniency before being sentenced. The judge, Saminu Suleiman, gave John the option of paying a fine of N300,000 and admonished him to refrain from criminal activities and maintain good conduct. The prosecution, represented by Chinedu Ogada, informed the court that the victim, Igwe Ukoha, lodged a complaint at Zuba Police Station. Ogada explained that Ukoha had entrusted John with his vehicle for panel beating and painting, but instead, John took the car to Kaduna State for sale. According to the prosecution, John was apprehended by surveillance operatives from the Ka...

24Apr

By Isaac EghosaNo Comments

Entertainment

Yul Edochie Believes His Late Son Will Return

Actor and pastor, Yul Edochie, has expressed his belief that his late son, Kambilichukwu, will come back to life. Last year in March, Kambi tragically passed away at the age of 16 after experiencing a sudden seizure while playing soccer with his friends. In a recent Instagram post, Edochie made a promise that his deceased son would return, declaring his intention to have a total of eleven children. In his words: "I am only beginning. I will welcome eleven children into this world. Eleven incredible offspring. A complete football team. My beloved son Kambi will be back with us." Yul Edochie is currently a father of four from his first marriage with May, and two from his second marriage with Judy Austin.

12 Stolen Vehicles Recovered as Police Arrest Suspected Car Snatchers in Edo and Delta

24Apr

By Ofomata EdidiongNo Comments

Metro

12 Stolen Vehicles Recovered as Police Arrest Suspected Car Snatchers in Edo and Delta

In Edo and Delta states, the Delta State Police Command has captured three individuals suspected to be part of a car snatching syndicate. On Wednesday in Warri, the Command's Police Public Relations Officer, SP Bright Edafe, revealed to the press that the police had recovered a total of 12 stolen vehicles from the suspects. A suspect was apprehended on April 11 in Okpe Local Government Area of the state, with additional arrests made in Benin on Friday following information given by the initial suspect. One of the suspects was accused of stealing a Toyota Corolla car using a master key from DSC township in Oruwhorun, Udu Local Government Area. This car was then spotted on the Eku/Warri road near Oha junction in Okpe Local Government Area. After receiving a report from a man claiming his...

Ondo PDP Primary: Bayelsa Deputy Governor to Lead Committee

24Apr

By Mariam AbdullahiNo Comments

News

Ondo PDP Primary: Bayelsa Deputy Governor to Lead Committee

Heading the committee for the Ondo State Peoples Democratic Party (PDP) governorship primary election scheduled for Thursday is the Bayelsa Deputy Governor, Lawrence Ewhrudjakpo. The appointment was announced in a statement released on Wednesday in Akure by Kennedy Peretei, the Publicity Secretary of the PDP in the state. According to reports, a total of seven governorship aspirants have been authorized by the Sen. Sam Egwu Screening Committee to participate in the primary election. Delegates from the 18 local government areas of the state, totaling 627 in number, will be responsible for electing the party's gubernatorial candidate at the International Culture and Events Centre in Akure. Accreditation of delegates will commence at 10:00 am, as indicated in the statement. The party has ...

Exciting News for Club Brugge Fans: Onyedika Ready to Return Against Anderlecht

24Apr

By Ofomata EdidiongNo Comments

Sports

Exciting News for Club Brugge Fans: Onyedika Ready to Return Against Anderlecht

Having completed a one-match suspension in the Belgian Championship playoffs, Raphael Onyedika is now back in consideration for selection. Club Brugge had to do without their defensive midfielder in the recent 2-1 victory against Union St Gilloise, as he had accumulated three yellow cards during the series. The Nigerian player is anticipated to be included in the starting XI for the crucial match against KRC Genk scheduled for Wednesday. During the playoffs, Onyedika has been instrumental in scoring three goals for Club Brugge. In this upcoming game, Genk will also feature another Nigerian talent, Tolu Arokodare, who recently found the net in Genk's win over Anderlecht at home. Impressively, the striker has already bagged 11 goals for the Smurfs this season.

24Apr

By Isaac EghosaNo Comments

Entertainment

Kanye West Reveals His Top Picks in Rap

One of the biggest names in American hip-hop, Kanye West, has shared his current picks for favorite rappers. According to the Yeezy mogul, his current favorites include 21 Savage, Kodak Black, and Young Moose. During a recent appearance on The Download Podcast, Ye highlighted the ever-changing nature of his preferred artists. Reflecting on his choices, West mentioned, “My favorite rappers vary. It was 21 Savage at one point, but now it also includes Kodak Black and this up-and-coming artist, Young Moose.” Aside from his music preferences, Kanye West criticized J.Cole for his apology to Kendrick Lamar following a diss track controversy. In a previous incident, J.Cole apologized to Kendrick Lamar during his performance at the 2024 Dreamville Festival for dissing him and Drake on the trac...