- Advertisement -
Home Courts 2 in Court over Alleged N10m Bitcoin Scam

2 in Court over Alleged N10m Bitcoin Scam

- Advertisement -

Two men, who allegedly obtained N10 million on the pretext of exchanging it for $30,000 worth of bitcoin, on Thursday appeared before a Yaba Chief Magistrates’ Court in Lagos.

The accused, Ransome Ajom, 32, and Samson Nwite, 31, who have no fixed address, are facing a three-count charge of conspiracy, obtaining money by false pretences and stealing.

They, however, pleaded not guilty.

The prosecutor, Insp. Ibijoke Akinpelu, said that the duo and others still at large committed the offences at Anthony Village, Lagos, at 12:30 p.m. on Saturday Sept. 2nd 2017.

According to Akinpelu, the accused defrauded the complainant, Mr Temitope Ijidadejo, who they promised to exchange his N10 million for $30,000 worth of bitcoin.

The prosecutor said that the offences contravened Sections 287, 314 (a) (b) and 411 of the Criminal Law of Lagos State, 2015 (revised).

Section 287 provides for 15 years imprisonment for obtaining money by false pretences.

The Magistrate, Mrs A. F. Adeeyo, granted the accused bail in the sum of N3 million with two sureties each.

She said that the sureties must show evidence of tax payment to the Lagos State Government.

Magistrate Adeeyo adjourned the case until Oct. 18 for trial.

Bitcoin is a worldwide crypto currency and decentralised digital payment system invented in 2009.

ADVERTISE HERE

newswire Editions

Do you need to be heard? Or your articles published? Send your views, messages, articles or press release to: newswiremagazine@yahoo.co.uk  >>> We can cover your (LAW) events at the first Call: 08039218044, 08024004726

-Advertisement-

New mag

Newswire Law and Events Magazine is Out. It's a collector's item. Get one - or two,or more - for yourself and loved ones.

Do you want to be heard, your events covered, your articles published, or need to advertise your products and services on our Blog and Magazine, reach out to us at Newswire Law and Events, you will be glad you did. For more details about our services, please call: 08039218044, 09070309355. Email: newswiremagazine@yahoo.co.uk

- Advertisement -
- Advertisement -

Stay Connected

16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe

Must Read

- Advertisement -

Related News

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here