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US Court Jails Sulemon Arowokoko For 44 Months Over Wire Fraud, Identity Theft

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US Court Jails Sulemon Arowokoko For 44 Months Over Wire Fraud, Identity Theft
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US Court Jails Sulemon Arowokoko For 44 Months Over Wire Fraud, Identity Theft

A resident of Pittsburgh has been sentenced in federal court to 44 months in prison on his conviction of conspiracy, access device fraud, and aggravated identity theft, United States Attorney Cindy K. Chung announced today.

United States District Judge J. Nicolas Ranjan imposed the sentence on Sulemon Arowokoko, 32, of Pittsburgh, Pa.

According to information presented to the court, Arowokoko was part of a conspiracy that involved using stolen identity information to induce financial institutions to issue credit and debit cards on victim customers’ accounts. Over the course of approximately two years, Arowokoko used those fraudulently obtained credit and debit cards to obtain more than $250,000 worth of gift cards, clothes, jewelry, cologne, perfume, furniture, and other items. Some of those items were shipped to Nigeria as part of the conspiracy.

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Assistant United States Attorney Jeffrey R. Bengel prosecuted this case on behalf of the government.

United States Attorney Chung commended the Department of Homeland Security Investigations and United States Postal Inspection Service for the investigation leading to the successful prosecution of Arowokoko.

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US president appoints Nigerian-born Enoh Ebong US Director of Trade

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US president appoints Nigerian-born Enoh Ebong US Director of Trade
Enoh Titilayo Ebong
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US president appoints Nigerian-born Enoh Ebong US Director of Trade

US President Joe Biden has appointed Nigerian-born Enoh Titilayo Ebong to the post of Director, United States Trade and Development Agency.

This was contained in a brief with names of nominees for different positions in the president’s cabinet sent to the US Congress.

Ebong had served in different roles in the USTDA between 2004 and 2019, including serving as the agency’s General Counsel, and Deputy Director.

Before joining the USTDA Ebong worked as a lawyer in Boston, representing public and private companies.

According to the brief, President Joseph R. Biden, Jr. appointed Ebong to serve as the Chief Operating Officer of the USTDA and she has been serving as the Acting Director of the agency since then.

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Ebong earned her JD from the University of Michigan Law School, a Master of Arts in Communication from the Annenberg School for Communication at the University of Pennsylvania, and a Master of Arts in History, with honours, from The University of Edinburgh, Scotland.

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Cryptocurrencies Bear High Risks – Putin

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Cryptocurrencies Bear High Risks - Putin
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Cryptocurrencies Bear High Risks – Putin

On Tuesday, Vladimir Putin, President of the Russian Federation, voiced his criticism regarding the state of the criticism sector at the “Russian Calling” investment forum in Moscow.

According to local news outlet lenta.ru, the president made the following remarks, as translated: “It is not backed by anything, [and] the volatility is colossal, so the risks are very high. We also believe that we need to listen to those who talk about those high risks.”

Putin called for the greater monitoring and regulation of cryptocurrencies and pointed out that certain countries worldwide are seeing significant adoption of digital currencies. Currently, cryptocurrency regulation is still in its infancy in Russia. Although the government is considering the launch of a central bank digital currency, at least eight federal laws and five legislative codes must be changed for the digital ruble to take effect.

ALSO READ:  Senate panel concludes Russia interfered in 2016 US election

Cryptocurrencies Bear High Risks – Putin

Furthermore, no regulation exists in the country regarding cryptocurrency mining. This has led some to claim that $2 billion in crypto mining revenue is generated annually in Russia, but on that, no taxes are paid. Due to the lack of a regulatory framework, cryptocurrency use has soared among ordinary Russians, with transactions surpassing $5 billion each year.

In other parts of the former Soviet Union, cryptocurrencies are also rapidly gaining in traction. Kazakhstan has become the world’s largest Bitcoin (BTC) miner by hash rate, and its president is seeking to collect more taxes from such activities to fund the country’s expenses. In Ukraine, the government is actively encouraging legal crypto operations. Last year, the city of Olsztyn, Poland, began adopting the Ethereum (ETH) blockchain for emergency services.

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AfDB postpones 2021 Africa Investment Forum over Omicron outbreak

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AfDB postpones 2021 Africa Investment Forum over Omicron outbreak
President of the African Development Bank, Akinwumi Adesina
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AfDB postpones 2021 Africa Investment Forum over Omicron outbreak

The Africa Development Bank has postponed the 2021 Africa Investment Forum due to the recent outbreak of the Omicron variant of the COVID-19 virus.

The AfDB made the announcement in a statement on its website on Monday.

The event which was scheduled to hold from December 1 -3, 2021, and hosted by the Ivory Coast Government in Abidjan, the country’s economic capital, has now been postponed until further notice.

In the statement, the AfDB President, Akinwumi Adesina, noted that the AIF presented the opportunity for countries and investors to seek business opportunities.

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He, however, stated that the health and safety of attendees was of the utmost importance.

He said, “The Africa Investment Forum is the premier investment marketplace for Africa. Several billion dollars of investment projects were scheduled for investment board rooms with project sponsors and investors at this edition of the Africa Investment Forum.

“Unfortunately, with rising global travel restrictions due to the Covid-19 Omicron variant, and heightened concerns for health and safety, it is necessary, regrettably, to postpone the event. The health and safety of everyone comes first.

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