Connect with us

News

Credit Card Fraud: EFCC to File 11 Charges Against Naira Marley on Monday

Published

on

NIBSS
  • Credit Card Fraud: EFCC to File 11 Charges Against Naira Marley on Monday

Nigeria’s Economic and Financial Crimes Commission (EFCC) has perfected plans to arraign Nigerian musician, Azeez Fashola, popularly known as Naira Marley, on Monday for credit card fraud.

Investors King had reported that Naira Marley and others were picked up last Friday by the commission following an investigation linking them to Cyberfraud.

While the others have now been ‘conditionally’ released, Naira Marley is still with the EFCC and will be arraigned on Monday for Credit Card fraud.

The commission is backing on Section 33 (2) of the Money Laundering (Prohibition) Act and the Cyber Crimes Act to prosecute the artiste.

It states that “Any person who uses: a counterfeit access device; an unauthorised access device; an access device issued to another person; resulting in a loss or gain commits an offence and shall be liable on conviction to imprisonment for a term of not more than seven years or a fine of not more than N5,000,000.00 and forfeiture of the advantage or value derived from his act.”

Some of the counts in the charges filed against Naira Marley includes, “That you, Azeez Adeshina Fashola, aka Naira Marley, and Raze (still at large), on or about the 11th day of December 2018, within the jurisdiction of this honourable court, conspired amongst yourselves to use Access card 42658840359191132 issued to persons other than you in a bid to obtain gain and you thereby committed an offense contrary to Section 27(1)(b) of the Cyber Crimes (Prohibition, Prevention etc) Act 2015 and punishable under Section 33(2) of the Same Act.

“That you, Azeez Adeshina Fashola, aka Naira Marley, and Raze (still at large), on or about the 10th day of May 2019, within the jurisdiction of this honorable court, with intent to defraud possessed, counterfeit card 4921819410257431 issued to Timea Fedorne Tatar and you thereby committed an offense contrary to and punishable under Section 33(9) of Cyber Crimes (Prohibition, Prevention, etc) Act 2015.”

The charges with suit number FHC/L/178C/19 was filed before a Lagos State High Court.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Sport Business

Cristiano Ronaldo’s Dominance Forces Ban from YouTube and TikTok

Published

on

Real Madrid's Portuguese forward Cristia

Cristiano Ronaldo, the iconic Portuguese footballer known for breaking records on the field, is now facing an unusual restriction off the field as he cannot open official accounts on YouTube and TikTok.

Sources familiar with the situation reveal that the unprecedented ban stems from concerns over the extraordinary number of subscribers and views Ronaldo could attract, potentially overwhelming the platforms and disrupting their ecosystems.

Ronaldo’s immense popularity is well-documented. His presence on social media has always drawn millions of followers, and his videos consistently garner high engagement.

According to experts, allowing Ronaldo to create a YouTube channel could lead to unsustainable costs for both YouTube and other content creators on the platform.

For context, it took Mr. Beast, currently the YouTuber with the most subscribers, about 13 years to amass 200 million subscribers. Projections indicate that Ronaldo could reach this milestone in less than three years, thanks to his global fanbase and widespread appeal.

This rapid growth could strain YouTube’s infrastructure and financial resources to manage such an influx.

In 2023, Ronaldo briefly opened an official TikTok account. Within a single day, his account skyrocketed to 4 million followers and received 10 million likes, earning verification almost instantly.

The overwhelming response caused significant disruptions on TikTok, prompting the platform to ban his account and suggesting that TikTok could not handle the financial and operational challenges posed by Ronaldo’s massive viewership.

He already has more than 630 million followers on Instagram and 111.7M Followers on X.com.

The decision to prohibit Ronaldo from these platforms highlights the unique challenges posed by mega-celebrities in the digital age.

While their presence can bring enormous traffic and engagement, it also poses significant logistical and financial challenges for social media companies.

Ronaldo’s situation revealed the delicate balance platforms must maintain between leveraging star power for growth and ensuring sustainable operations for all users.

As social media continues to evolve, this case may prompt platforms to rethink how they manage the accounts of exceptionally influential figures.

In the meantime, Ronaldo remains active on other social media channels, where he continues to connect with his fans and share glimpses of his life and career. Despite the bans, his influence and popularity show no signs of waning, reaffirming his status as one of the most celebrated athletes in the world.

Continue Reading

News

BUA Foods and ASR Africa Donate N10m, Foodstuffs to Lagos Widows on International Widows’ Day

Published

on

BUA Foods in collaboration with the Abdul Samad Rabiu Initiative for Africa (ASR Africa) has extended a compassionate hand to widows in Lagos.

The initiative, aimed at alleviating economic hardship among widows, saw the distribution of N10 million in grants along with essential food items generously donated by BUA Foods.

The event, held under the auspices of the International Women Society’s Widows Feast and Empowerment program in Lagos, underscored the commitment of both organizations to corporate social responsibility and community welfare.

The donations, which included BUA Foods’ renowned products such as IRS Pasta, IRS Semolina, and BUA Rice, were met with gratitude and appreciation by the beneficiaries.

Managing Director of BUA Foods, Ayodele Abioye, emphasized the company’s broader social impact beyond business profitability.

“Our responsibility extends to making a meaningful difference in the lives of those around us,” he stated. “Initiatives like this resonate deeply with our commitment to corporate social responsibility.”

Dr. Ubon Udoh, Managing Director and Chief Executive Officer of ASR Africa, highlighted that the N10 million grant forms part of ASR Africa’s ongoing efforts in social development, emphasizing its significance in improving livelihoods and welfare.

“This grant is a testament to our dedication to supporting vulnerable groups,” Dr. Udoh remarked.

The Chairperson of the Widows’ Trust Fund of IWS, Mrs. Adeola Adebanke, expressed her heartfelt gratitude for the support received from ASR Africa and BUA Foods.

She noted that such initiatives play a crucial role in providing relief and sustainable support to widows facing economic challenges.

Widows who benefited from the donations also shared their appreciation, highlighting the impact of the support on their daily lives.

“We are overwhelmed with gratitude for ASR Africa and BUA Foods,” said Mrs. Khadija Rufai, one of the beneficiaries. “This donation will alleviate significant pressure on my household.”

Mrs. Adebimpe Lanre, another beneficiary, added, “The generosity of ASR Africa and BUA Foods is a lifeline for many of us. It will make a huge difference in our households and allow us to focus on other important needs.”

The collaboration between BUA Foods and ASR Africa not only underscores their commitment to social welfare but also sets a commendable example of private sector involvement in addressing societal challenges.

As Nigeria continues to navigate socio-economic complexities, initiatives like these contribute significantly to fostering community resilience and support.

 

Continue Reading

Travel

Arik Air Directed to Pay $21,466.64 to Former Air Hostess for Unpaid Salaries

Published

on

Arik air

The Industrial Court in Lagos has ordered Arik Air to pay $21,466.64 in salary arrears to Mrs. Andreia Perdigao, a former air hostess who was wrongfully dismissed by the airline.

This decision, marked as SUIT NO.: NICN/LA/532/2017, brings a significant victory for Perdigao, who had been seeking justice and her unpaid wages since her termination in 2017.

Mrs. Perdigao, who worked with Arik Air for approximately three years, took legal action against her former employer after being dismissed in March 2017.

She sought the court’s intervention to recover her unpaid salaries from December 2016 to March 2017, which amounted to $2,683.33 per month. The total arrears for the eight months were calculated at $21,466.64.

In his judgment, Justice M.N. Esowe affirmed that a valid contract of employment existed between Mrs. Perdigao and Arik Air, thus entitling her to the claimed salaries.

“It is declared that the defendants are bound to pay to the claimant eight months’ arrears of salary for the months of August 2016 through December 2016 and for the months of January 2017 to March 2017 when the 1st Defendant wrongfully terminated the Claimant’s employment,” Justice Esowe stated.

The court further directed Arik Air to pay Mrs. Perdigao an additional $2,683.33 as general damages for breach of contract.

Furthermore, the court ordered that the airline must pay interest at a rate of 15 percent on all the judgment sums from the date of delivery of the judgment until full payment is made.

The court’s decision, dated May 9, has yet to be enforced by Arik Air. When contacted, Adebajo Ola, Head of Corporate Communications at Arik Air, stated he was unaware of the ruling.

“I am not aware of the case. I will need to find out,” Ola said, upon receiving the document and suit information from our correspondent.

This ruling highlights the ongoing issues faced by employees within the aviation sector regarding wrongful termination and unpaid wages.

The judgment serves as a reminder to employers about the legal obligations they hold towards their staff and reinforces the judiciary’s role in upholding employees’ rights.

Mrs. Perdigao’s victory may pave the way for other employees in similar situations to seek justice and proper compensation for wrongful dismissals and unpaid wages.

The case also underscores the importance of adhering to contractual agreements and ensuring fair treatment of employees in all sectors.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending