The State Bank of Pakistan (SBP) is reportedly seeking to ban all cryptocurrency transactions in Pakistan. Pakistan’s Sindh High Court reportedly held a hearing related to the legal status of cryptocurrencies in the country, in which several Pakistani authorities, including the SBP, submitted a document to the court, arguing that cryptocurrencies like Bitcoin (BTC) are illegal and cannot be used for trade. According to local news channel Samaa TV, the document cited at least 11 countries, including China and Saudi Arabia, that have opted to ban cryptocurrencies. The Pakistani central bank reportedly urged the court not only to ban cryptocurrency activity but also to impose penalties against crypto exchanges. The SBP also referred to several investigations against ...
A district court in Beijing has rejected monetary compensation in a Bitcoin (BTC) mining contract plea against a blockchain company. The Chaoyang District People’s Court on Wednesday deemed the Bitcoin mining contract between the plaintiff and the blockchain firm “invalid,” the South China Morning Post reported on Dec. 16. The plaintiff in the case reportedly paid 10 million yuan ($1.6 million) to the blockchain firm for deployment of mining machines, but incurred losses on his investment. The Beiijng based plaintiff claimed he earned only 18.5 Bitcoin on his investment and demanded an additional 217.17 BTC in compensation for his losses. The court rejected the plea and also directed the Sichuan branch of the National Development and Reform Commission to look into any illegal mining going ...
The Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, has said the legal team formed by the umbrella group for Igbo people, Ohanaeze Ndigbo, to monitor proceedings of the trial of leader of the prescribed Indigenous People of Biafra, Nnamdi Kanu, was not necessary. He, however, welcomed the Ohanaeze team, saying it was in line with the doctrine of the right of fair hearing rooted in Section 36 of the 1999 Constitution. Recall that the separatist leader was arrested in June 2021 outside the country. Kanu is facing charges bordering on treasonable felony instituted against him at the court in response to years of campaign for the independent Republic of Biafra through IPOB. He had been granted bail in April 2017 but jumped bail. After his re-arrest in June 202...
The legal team of the Ndigbo Group has met with the Attorney General of the Federation and Minister of Justice, Abubakar Malami, to monitor the proceedings relating to the leader of the Indigenous People of Biafra, Nnamdi Kanu. This was disclosed in a statement issued by the Special Assistant on Media and Public Relations to the Office of the AGF, Jibrilu Gwandu. The statement stated that the position of Ohanaeze Ndigbo on the issue of Kanu demonstrated their recognition of belonging to Nigeria and succumbing to the rule of law. “The group showed a mature departure from the mindset of the proscribed Indigenous People of Biafra when Ohanaeze said they ‘do not support the use of any form of violence’ while channelling concerns and presenting demands. “By urging the youths to be law-abiding a...
A Family Court in Ilorin, on Monday, ordered the remand of one Oyefeso Saheed in Oke-Kura Correctional Centre, Ilorin, for allegedly giving out his 12-year-old daughter in marriage. Magistrate Shade Lawal also ordered the remand of the victim’s purported husband, Ismail Lawal, 32, before adjourning the case till Wednesday, for further mention. Earlier, the Prosecutor, Sgt. Akinjide Adisa, said that the matter was reported at Adewole Police Station by Aishat Temem, a member of the state branch of the International Federation of Women Lawyers (FIDA). He said that the matter was reported after the complainant had received a call from the victim’s school principal. The prosecutor also told the court that the purported husband gave the victim a HP laptop as bride price for the ‘marriage’. He th...
Two security guards, Ali Mohammed, 35 and Mohammed Abdullahi, 25, were on Monday arraigned before an Ikeja Magistrates’ Court in Lagos, for allegedly stealing drugs valued at N5 million. The defendants, who reside in Oshodi, Lagos State, are being tried on a two-count charge of conspiracy and stealing. The Prosecution Counsel, Sgt. Olasunkanmi Adejumola, told the court that the defendants committed the offences on June 28, at Adewale Crescent, Oshodi, Lagos state. Adejumola alleged that the defendants carted away cartons of various drugs belonging to Geneith Pharmaceutical Ltd. “After discovery that some goods were missing in the store, the Closed Circuit Television (CCTV) was played. “The defendants were seen carrying some of the drugs through the back gate into a waiting vehicle which th...
The Gombe State Police Command has arrested two suspects for buying and selling adulterated fertiliser in Gombe, the state capital. According to a statement issued by the Command’s Public Relations Officer, SP Mary Malum, in Gombe on Friday, the arrest was made on July 4. Malum said the arrest was made by Police detectives attached to the State Criminal Investigation Department that acted on credible intelligence. She said the suspects were “one Ibrahim Salisu, 26 years from Marke village, Kankara LGA, Katsina State and one Maina Bukar, 46 years from Biu LGA, Borno State, who is the buyer here in Gombe State”. According to the PRO, the suspects had confessed to have been in “this dirty and unlawful business where the said Ibrahim Salisu who is the supplier brings the unbranded and misbrand...
A Kaduna Chief Magistrates’ Court on Thursday, ordered that a 75-year-old man, Umar Isah, be remanded in a correctional centre for allegedly defiling a 10-year-old boy. The police charged Isah who resides in Kingshasha Road, Ungwan Rimi, Kaduna with unnatural offence. The Magistrate, Hajara Dauda, who did not take the plea of Isah, held that the court lacked jurisdiction to entertain the suit. Dauda directed the police to forward the case file to the state Director of Public Prosecutions for legal advice. She adjourned the case until July 13, for further mention. Earlier, the Prosecution Counsel, Inspector Sunday Baba, told the court that Isah committed the offence on July 4 at 1p.m., at his residence. Baba said the defendant, lured the boy into his room and had carnal knowledge of him. Th...