Connect with us


BIG STORY

Cybercrime: Usain Bolt Loses $12 Million To Hackers

Published

on

Jamaican Olympic sprinting champion, Usain Bolt, on Thursday, lost $12 million in his account with an investment company, Stocks and Security Limited, to hackers.

The track star’s lawyers said they are ready to file a lawsuit if that will make it possible to recover the lost money that mysteriously disappeared from Bolt’s account.

According to a statement from Bolt’s lawyers, it read, “The account was part of Bolt’s retirement and lifetime savings.

“It’s distressing news for anyone, and certainly in the case of Mr. Bolt, who established this account as part of his private pension,” Gordon said on Wednesday.

“We will be going to court with the matter” if the company does not return the funds,” his lawyer, Linton P. Gordon, told Fortune magazine over the phone.

“It is a grave disappointment, and we are hoping that the matter will be resolved in a way that Mr. Bolt will recover his money and be able to live in peace,” he added.

Reacting to the development, Stocks and Securities Ltd said in a statement on January 12 that it learned of the fraudulent activity by a former employee and had alerted law enforcement to the situation.

It also said that it had taken measures to secure customers’ assets and tighten protocols.

A separate statement released on Monday by the Jamaica Constabulary Force said the “alleged fraudulent activities at SSL that are said to have affected the accounts of Mr. Usain Bolt and other individuals” are being looked into by those teams.

Meanwhile, On Tuesday night, Jamaica’s Finance Minister Nigel Clarke claimed that SSL had committed “alarming and evil fraud” and promised to “bring all perpetrators to justice.”

The Associated Press reported that Mr. Bolt’s account with the company was created to act as a pension for both of his parents and the eight-time Olympic gold medal-winning sprinter.

BIG STORY

85% Of Rivers N1.48tn Budget Was Drafted By Fubara — Senate

Published

on

The Senate revealed on Thursday that approximately 85 per cent of the N1.48 trillion 2025 budget presented by the Sole Administrator of Rivers State, Vice Admiral Ibok-Ete Ibas (retd.), had originally been prepared under the administration of suspended Governor Siminalayi Fubara.

This was disclosed by Senator Opeyemi Bamidele, Chairman of the Senate Ad-Hoc Committee on Emergency Governance in Rivers State, during a budget defence session with Ibas and top state officials at the National Assembly.

Bamidele stated, “In the last three weeks, we’ve reviewed this budget in detail and engaged directly with the sole administrator and key members of his team — including the Accountant General, the Permanent Secretary of Finance, the Budget Director, and the Planning Director — all of whom retained their positions after the emergency rule began.

“Our findings show that at least 85 per cent of the submitted estimates were drawn up under the Fubara administration.

“Only 15 per cent was added by the current administrator to accommodate new projects.”

The committee also noted that Ibas had requested a N50 billion supplementary budget to cover pending pension and gratuity obligations, a proposal currently under Senate consideration.

“Part of the urgent need is to inject N50 billion to settle pension liabilities and enhance peace in Rivers State.

“The administrator is passionate about it, and we agree — governance is not just about roads and infrastructure. It’s also about ensuring those who have served the state receive their due,” Bamidele explained.

He further mentioned that more than 70 per cent of the budget is allocated to capital projects, a move the Senate commended and recommended as a model for other states.

“This shows a clear commitment to development and infrastructure, rather than recurrent expenses,” he added.

Earlier, the Senate Committee had pledged to monitor the disbursement of the 2025 budget closely and intensify oversight on its implementation as the emergency governance in Rivers State continues.

Continue Reading

BIG STORY

Court Admits DSS Report Linking Kanu To #EndSARS Violence

Published

on

A Federal High Court in Abuja has accepted into evidence a report from the Department of State Services which allegedly associates Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra, with the deaths of 186 police officers and the destruction of 164 police stations during the #EndSARS protests.

Justice James Omotoso admitted the report during Thursday’s resumed hearing in Kanu’s terrorism trial.

The prosecuting counsel, Adegboyega Awomolo (SAN), presented the report through the fifth prosecution witness, identified as Mr EEE for security reasons.

EEE, a DSS operative, said he was part of a team deployed across the South-East and other regions to gather intelligence and compile reports on the violence that followed the #EndSARS movement.

“I know the defendant through the media. I have never met him face-to-face,” the witness stated.

He explained that his role involved collecting records of property damage and deaths of security personnel allegedly provoked by Kanu’s statements.

The court accepted a damage assessment report, death certificates of some officers, and a certificate of compliance, all presented by Awomolo through the witness.

While the defence contested the admissibility of the documents, arguments on the matter were deferred.

The witness said the unrest led to 186 police deaths, 37 military casualties, and 10 DSS operatives killed. He added that 164 police stations and nine INEC facilities were destroyed in 17 states including Lagos, Abia, Anambra, Cross River, Delta, Ebonyi, and Rivers, allegedly due to Kanu’s inciting remarks.

During cross-examination, defence counsel Dr Onyechi Ikpeazu (SAN) questioned the reliability of the report and the justification for linking Kanu to the events.

“You were not part of the investigation into the defendant himself, correct?” Ikpeazu asked.

“I was tasked to investigate the destruction of public property based on the statements of the defendant. He gave instructions to IPOB members to kill officers,” EEE replied.

Ikpeazu queried whether Kanu’s remarks were tied directly to the #EndSARS protests or IPOB actions and also asked if activist Aisha Yesufu was investigated.

“My assignment was not to investigate Biafra or individuals like Aisha Yesufu but to assess damage from the #EndSARS protest,” the witness responded.

He noted that although the protests stemmed from “organic issues like police brutality,” they were “hijacked by subversive elements” who stirred violence against the state.

When asked for specifics, the witness acknowledged he could not pinpoint any section in the report that directly linked the deaths to IPOB members. “It is a voluminous document. There is no single caption that links deaths directly to IPOB on any page,” he said.

Ikpeazu pointed out flaws in the report, such as missing photo dates, lack of signatures, and absent information about the deceased and the medical examiners. The witness admitted the report was certified in his capacity as secretary, but he did not personally sign it.

“You did not sign this report. In fact, none of the photographs show the dates they were taken,” Ikpeazu said, implying the report was prepared after the trial began, a claim the witness denied.

Prosecuting counsel Chief Awomolo (SAN) stated that evidence had been successfully presented and urged the court to consider the prosecution’s prayers.

Kanu’s lawyer, Kanu Agabi (SAN), entered a no-case submission and indicated they would proceed to make their case.

The court gave both parties 14 days to file written arguments on the no-case submission and two additional days for legal replies.

Justice Omotoso scheduled July 18 for the adoption of the no-case submission.

Continue Reading

BIG STORY

JUST IN: Court Rejects FG’s Application To Remand Natasha Akpoti, Grants Her N50m Bail In ‘Defamation’ Suit

Published

on

A high court of the Federal Capital Territory (FCT) in Maitama has granted bail in the sum of N50 million to Natasha Akpoti-Uduaghan, the senator representing Kogi Central.

In her ruling on Thursday, presiding judge Chizoba Orji dismissed the federal government’s request to have Akpoti-Uduaghan remanded in prison custody.

Orji said there was no justification to deny the defendant bail, noting that there was “sufficient evidence” of her willingness to stand trial.

The court also directed the senator to provide one surety who must be a “person of integrity” and possess landed property in Abuja.

 

More to come…

 

Continue Reading



 

Join Us On Facebook

Most Popular