A Nigerian court docket has convicted and sentenced a person to 1 yr in jail who’s accused of duping an unsuspecting cryptocurrency investor. On its cost sheet, the prosecution stated that the person had contravened Nigeria’s anti-fraud legal guidelines and therefore must be punished accordingly.
Pretend Cryptocurrency Funding Scheme
A court docket in Nigeria has convicted a person accused of utilizing a bogus cryptocurrency platform to defraud $680 from an unsuspecting investor, a report has stated. In its ruling, the Port Harcourt Zonal Command of the Financial and Monetary Crimes Fee (EFCC) stated the person, Obu Ebibo, whose alias is Kenneth Gibson, should serve one yr in jail.
The court docket nonetheless stated the accused has an choice to pay a tremendous of $1,180 (N500,000) which he can deposit into the federal government’s consolidated income account. In keeping with a PM Information report that particulars the accused’s alleged crimes, by committing the alleged offenses, Ebibo was in contravention of Nigeria’s anti-fraud legal guidelines.
“That you simply Obu Gabriel Ebibo (alias Kenneth Gibson) on or concerning the 1st November 2021, in Port Harcourt, inside the jurisdiction of this Honourable Court docket with intent to defraud obtained an combination sum of Six Hundred and Eighty United States {Dollars} ($680.00 USD) on the pretence that, the cash was meant for cryptocurrency funding, a pretext you knew to be false and thereby dedicated an offence opposite to Part 1 (2) of the Advance Charge Fraud and Different Fraud-Associated Offences Act 2006 and punishable beneath Part 1 (3) of the identical Act,” the accused’s cost sheet states.
Noting that Ebibo had pleaded responsible, the prosecution counsel solely recognized as F.O. Amama is reported to have requested the court docket to condemn the accused accordingly. Nonetheless, Ebibo’s lawyer argued that since his consumer had accepted costs towards him, the court docket ought to present mercy to the first-time offender.
In handing down the sentence, the decide reportedly ordered that the cell gadget utilized by the offender be forfeited to the state.
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