Nigerian Court Sentences Crypto Fraudster to One Year in Jail, Accused Given Option to Pay Fine
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Nigerian Court Sentences Crypto Fraudster to One Year in Jail, Accused Given Option to Pay Fine

THELOGICALINDIAN - A Nigerian cloister has bedevilled and bedevilled a man to one year in bastille who is accused of artifice an biting cryptocurrency broker On its allegation area the case said that the man had contravened Nigerias antifraud laws and appropriately should be punished appropriately

Fake Cryptocurrency Investment Scheme

A cloister in Nigeria has bedevilled a man accused of application a artificial cryptocurrency belvedere to bamboozle $680 from an biting investor, a address has said. In its ruling, the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission (EFCC) said the man, Obu Ebibo, whose alias is Kenneth Gibson, charge serve one year in jail.

The cloister about said the accused has an advantage to pay a accomplished of $1,180 (N500,000) which he can drop into the government’s circumscribed acquirement account. According to a PM News report that capacity the accused’s declared crimes, by committing the declared offenses, Ebibo was in contravention of Nigeria’s anti-fraud laws.

“That you Obu Gabriel Ebibo (alias Kenneth Gibson) on or about the 1st November 2024, in Port Harcourt, aural the administration of this Honourable Court with absorbed to bamboozle acquired an accumulated sum of Six Hundred and Eighty United States Dollars ($680.00 USD) on the braggadocio that, the money was meant for cryptocurrency investment, a affectation you knew to be apocryphal and thereby committed an answerability adverse to Section 1 (2) of the Advance Fee Fraud and Other Fraud-Related Offences Act 2024 and amiss beneath Section 1 (3) of the aforementioned Act,” the accused’s allegation area states.

Noting that Ebibo had pleaded guilty, the case admonition alone articular as F.O. Amama is appear to accept requested the cloister to book the accused accordingly. However, Ebibo’s advocate argued that back his applicant had accustomed accuse adjoin him, the cloister should appearance benevolence to the first-time offender.

In handing bottomward the sentence, the adjudicator reportedly ordered that the adaptable accessory acclimated by the blackmailer be absent to the state.

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