{"id":98005,"date":"2023-10-18T21:32:48","date_gmt":"2023-10-18T20:32:48","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/man-jailed-in-lagos-for-5000-cryptocurrency-fraud"},"modified":"2023-10-18T23:49:01","modified_gmt":"2023-10-18T22:49:01","slug":"man-jailed-in-lagos-for-5000-cryptocurrency-fraud","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/man-jailed-in-lagos-for-5000-cryptocurrency-fraud","title":{"rendered":"Man jailed in Lagos for $5000 cryptocurrency fraud"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>A Special Offences Court sitting in Ikeja, Lagos State, on Wednesday, sentenced a 25-year-old man, Babatunde Shittu, to one year in jail for engaging in and benefitting from $5,000 cryptocurrency fraud.<\/p>\n

The News Agency of Nigeria (NAN) reports that Shittu had claimed to be an investor in cryptocurrency, and produced fraudulent documents in that regard in order to defraud members of the public.<\/p>\n

Justice Olubunmi Abike-Fadipe convicted and sentenced him after he pleaded guilty to a count charge of cryptocurrency fraud preferred against him by the Economic and Financial Crimes Commission (EFCC).<\/p>\n

Abike-Fadipe said: \u201cUpon the defendant\u2019s guilty plea and admission of the facts, he is hereby convicted of the one-count charge.<\/p>\n

\u201cHe is hereby sentenced to one year imprisonment with an option to pay N500,000 fine and embark on 40 hours of community service.\u201d<\/p>\n

The judge also ordered the convict to forfeit to the Federal Government, his iPhone 12 Pro Max and a MacBook computer, which were recovered from him as proceeds of the crime.<\/p>\n

She held that the convict was a first-time offender, who promised to be of good behaviour and make restitution, hence, the liberal sentence.<\/p>\n

Shittu had, after pleading guilty, prayed to the court for leniency.<\/p>\n

\u201cI am really sorry, I have realised my mistake, and I am ready to live a better life and become a better person,\u201d he said.<\/p>\n

His counsel, Ms Biola Adeyemi, in her plea for mercy, said that Shittu was genuinely remorseful.<\/p>\n

\u201cMy Lord, he is indeed very sorry for his actions and he has promised to exhibit good behaviour.<\/p>\n

\u201cWe humbly pray Your Lordship to temper justice with mercy,\u201d she prayed.<\/p>\n

EFCC counsel, Mr Abdullahi Gambuwa, had, however, urged the court to convict Shittu and sentence him accordingly.<\/p>\n

While reviewing the facts of the case, Gambuwa said that Shittu was arrested by EFCC following an intelligence report.<\/p>\n

He said: \u201cHe was arrested and he gave a voluntary statement after being interviewed.\u201d<\/p>\n

The counsel told the court that Shittu admitted to have benefitted from the $5,000 fraud.<\/p>\n

\u201cWe also recovered an iPhone 12 Pro Max and a MacBook laptop from him.<\/p>\n

\u201cHe claimed to be an investor in cryptocurrency, thereby misinforming the public,\u201d the prosecution counsel said.<\/p>\n

According to EFCC, the offence contravenes Section 1 of the Advance Fee Fraud Act of 2006.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. A Special Offences Court sitting in Ikeja, Lagos State, on Wednesday, sentenced a 25-year-old man, Babatunde Shittu, to one year in jail for engaging in and benefitting from $5,000 cryptocurrency fraud. The News Agency of Nigeria (NAN) reports that Shittu had claimed to be an investor in cryptocurrency, and produced fraudulent documents […]<\/p>\n","protected":false},"author":84,"featured_media":98003,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,30],"tags":[1570,2140,2914,343,254],"class_list":["post-98005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-africa-press","tag-africa-press-nigeria-2","tag-cryptocurrency","tag-fraud","tag-nigeria"],"yoast_head":"\nMan jailed in Lagos for $5000 cryptocurrency fraud - Nigeria<\/title>\n<meta name=\"description\" content=\"A Special Offences Court sitting in Ikeja, Lagos State, on Wednesday, sentenced a 25-year-old man, Babatunde Shittu, to ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/man-jailed-in-lagos-for-5000-cryptocurrency-fraud\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Man jailed in Lagos for $5000 cryptocurrency fraud\" \/>\n<meta property=\"og:description\" content=\"A Special Offences Court sitting in Ikeja, Lagos State, on Wednesday, sentenced a 25-year-old man, Babatunde Shittu, to ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/man-jailed-in-lagos-for-5000-cryptocurrency-fraud\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-18T20:32:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-18T22:49:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1697652953.316773.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"997\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/man-jailed-in-lagos-for-5000-cryptocurrency-fraud#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/man-jailed-in-lagos-for-5000-cryptocurrency-fraud\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Man jailed in Lagos for $5000 cryptocurrency fraud\",\"datePublished\":\"2023-10-18T20:32:48+00:00\",\"dateModified\":\"2023-10-18T22:49:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/man-jailed-in-lagos-for-5000-cryptocurrency-fraud\"},\"wordCount\":395,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/man-jailed-in-lagos-for-5000-cryptocurrency-fraud#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1697652953.316773.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Cryptocurrency\",\"fraud\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/man-jailed-in-lagos-for-5000-cryptocurrency-fraud#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/man-jailed-in-lagos-for-5000-cryptocurrency-fraud\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/man-jailed-in-lagos-for-5000-cryptocurrency-fraud\",\"name\":\"Man jailed in Lagos for $5000 cryptocurrency fraud - 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