Probe
NY law firm investigates potential ‘securities fraud’ at Core Scientific
A New York-based law firm says it has begun an investigation into whether Bitcoin miner Core Scientific and its leadership potentially engaged in “securities fraud and other unlawful business practices” which led to its stock price falling on several occasions. According to securities class action firm Pomerantz LLP, the investigation was prompted by a report from Culper Research in 2022, which alleged that Core Scientific had “wildly oversold” its mining and hosting businesses in 2021 and also waived a 180-day lockup period of over 282 million shares, making them “free to be dumped” in Mar. 2022. This report suggested that insiders at Core Scientific had “abandoned any pretense of care for minority shareholders,” noting ...
PSC: Why Ibrahim Magu’s name was dropped promotion list
The Police Service Commission (PSC) on Thursday said it dropped the name of former Chairman, Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, from promotion list because it is still awaiting clearance from the Office of Attorney General. The PSC had promoted 24 CPs, 35 DCPs, 52 ACPs, 50 CSPs and dropped Magu from promotion. A statement issued by Ikechukwu Ani, Head, Press and Public Relations of PSC said the decisions were the high-points of the Commission’s 12th Plenary Meeting held on Tuesday and Wednesday, which was presided over by the Commission’s Chairman, Musiliu Smith, a retired Inspector General of Police. “The Commission declined the promotion of CP Magu pending clearance from the office of the Attorney General of the Federation and Minister of Justice and the Offic...
South Africa’s Jacob Zuma mounts last-ditch legal fight against jail term
South Africa’s ex-president Jacob Zuma on Friday mounted a last-ditch legal bid to avoid prison after the country’s top court ordered him jailed for failing to appear before graft investigators. In a landmark ruling, the Constitutional Court on Tuesday handed Zuma a 15-month term for contempt after he snubbed a probe into the theft of state assets under his tenure. If the 79-year-old fails to turn himself in by Sunday, police will be given a further three days to arrest him and take him to jail to start the sentence. As the deadline loomed, Zuma pleaded on Friday that the order be “reconsidered and rescinded.” “It will not be futile,” Zuma said in papers filed to the court, “to make one last attempt to invite the Constitutional Court to relook its decision and to merely reassess whether it...
UEFA backs down over Manuel Neuer’s rainbow armband
UEFA has dropped its investigation of Manuel Neuer’s rainbow captain’s armband after declaring that the Germany skipper’s decision to wear it is a ‘team symbol of diversity’. Neuer has worn the armband during Germany’s last two Euro 2020 fixtures to show support for the LGBT+ community during Pride Month, but UEFA launched an investigation to determine whether it could be viewed as a political statement. Had UEFA determined that the armband was a political statement, Neuer could have been prohibited from wearing it in future games and the German FA (DFB) could have faced a fine for the goalkeeper’s actions. The DFB announced on Sunday evening that UEFA had dropped its probe and now views the armband as a “good cause”, though European football’s governing body is facing criticism for its de...
Court restrains Ondo governor from sacking chief judge
A Federal High Court in Abuja, on Thursday, stopped Governor Oluwarotimi Akeredolu (SAN) of Ondo State from removing the Chief Judge (CJ) of the state, Justice Oluwatoyin Akeredolu, from office. Justice Inyang Ekwo, in a ruling, restrained the governor and five others seeking to remove the Chief Judge from office on the grounds that they lacked constitutional powers to do so. Justice Akeredolu had approached the court for an order restraining the defendants from illegally removing her from office without recourse to the National Judicial Council (NJC). Delivering ruling in the application, Justice Ekwo held that the powers to investigate, probe and indict any judicial officer for any misconduct in the discharge of duties is constitutionally vested in the NJC only. According to the judge, b...
Sri Lanka launches probe after burning ship pollutes beaches
Sri Lanka launched a criminal probe on Sunday into a huge container ship fire that has swamped the island nation’s coast with plastic pollution causing probably one of its worst marine disasters in history. Tonnes of microplastic granules have inundated the South Asian country’s famed beaches in Negombo, a popular tourist destination, forcing a fishing ban and prompting fears of ecological damage. The Singapore-registered MV X-Press Pearl has been smoldering on the horizon for 11 days after a blaze broke out as it was heading to Colombo from the Indian state of Gujarat. The 25-member crew, who have already been evacuated from the ship, will be questioned on Monday after a complaint was lodged by Sri Lanka’s Marine Environment Protection Authority, police said. Last week, authorities said t...
Two people killed in Sudan rally over 2019 protest killings
At least two people have been killed and dozens wounded as Sudanese security forces cracked down on a rally that demanded justice for protesters killed during anti-government demonstrations two years ago, according to the army. Prime Minister Abdalla Hamdok on Wednesday said he was “shocked” by the killings, calling it a “crime to use live bullets against peaceful protesters”. Hundreds gathered on Tuesday evening outside the army headquarters in the capital, Khartoum, at the site where thousands gathered in 2019 initially demanding the removal of then-President Omar al-Bashir and urging a transfer to civilian rule. The demonstration on Tuesday started shortly before iftar, the evening meal which breaks the fast during the holy month of Ramadan. It marked two years since the bloody dispersa...
APC taunts PDP over ‘connivance’ with terrorists
The ruling All Progressives Congress, APC, has disclosed ongoing high-level investigations to unravel those behind the growing wave of terrorism and other violent crimes across the country, expressing hope that at the end of the probe, the opposition Peoples Democratic Party PDP would not be found to be sponsoring destabilizing elements ahead of the 2023 general elections. The APC stated this on Sunday in Abuja in a statement issued by the National Secretary of its Caretaker Extraordinary Convention Planning Committee, CECPC, Sen. John James Akpanudoedehe. APC was reacting to a statement by the PDP after its national caucus at the weekend to the effect that the country was fast descending into anarchy and that the President Muhammadu Buhari-led administration has no solutions having been o...
Shell’s pipeline spills 213 barrels of crude into Bayelsa community
The Okordia-Rumekpe 14-inch crude truckline operated by Shell Petroleum Development Company (SPDC) has discharged some 213 barrels of crude oil into Ikarama community in Bayelsa. SPDC’s Media Relations Manager, Mr Bamidele Odugbesan, confirmed the leakage and said that probe into the incident had been concluded. A Joint Investigative Visit’s (JIV) report obtained by newsmen on the incident on Thursday confirmed that the incident occured on April 7, while the investigation was concluded on April 12. JIV is a statutory probe into the cause of any recorded spill incident involving the oil firm, regulators, host communities and state ministries of environment. The JIV report concluded that the spill was an operational mishap traced to equipment failure which impacted nearby palm trees and fish...
ICPC drops forgery charges against ex-presidential aide
File Photo The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has amended the corruption and certificate forgery charges it filed against an ex-presidential aide, Okoi Obono-Obla. The amendment, coming less than two months after Obono-Obla and his co-defendants were arraigned by the commission, reduced the number of counts from 10 to five. The amended charges filed at the High Court of the FCT, in Apo, Abuja, on March 4 and seen by newsmen on Sunday, also revealed that the anti-corruption agency has backtracked on its allegations of certificate forgery sensationally levelled against Obono-Obla in 2019. Obono-Obla, a former special adviser to President Muhammadu Buhari on Prosecutions, was suspended by the President as the chairman of the Special Presidential Inv...
ICC ruling brings hope for Palestinians, dismay for Israelis
Many Palestinians see a ruling by the International Criminal Court that it has jurisdiction over the Palestinian territories as a belated chance of justice for victims of Israeli attacks. But for many Israelis, Friday’s ruling is worrying because they say they are the “good guys” defending themselves against Palestinian violence. The ruling, delivered by a pre-trial chamber of three ICC judges, could lead to criminal investigations of Israel and Palestinian militant groups including Hamas. No probe was expected in the near future, however. ICC prosecutor Fatou Bensouda said she would now examine the decision and pointed to the 2014 Gaza war between Israel and militant groups in Hamas-controlled Gaza, the 2018 Gaza border protests and Israeli settlements in occupied territory. In Khan Youni...
NYT: Republican congressman played a role in Donald Trump’s campaign to fight election loss
A Republican U.S. congressman played a role in ex-President Donald Trump’s efforts to oust the top Justice Department official and replace him with a loyalist willing to support efforts to overturn his election defeat, the New York Times reported on Sunday. Representative Scott Perry of Pennsylvania arranged for Trump to meet Jeffrey Bossert Clark, a Justice Department official who Trump considered naming to replace Acting Attorney General Jeffrey Rosen earlier this month, the newspaper reported. Clark, the Times reported, was sympathetic to Trump’s “Stop the Steal” campaign, and he met with Perry to discuss a plan to have the Justice Department send Georgia a letter disclosing the department would be investigating the election results. Reuters has not independently verified the details of...
- 1
- 2
