Drugs War: NDLEA Gets Prison Terms For 3 Top Dogs, 16 Others For Drug Dealing
~2.7 mins read
The Public Medication Policing has gotten prison sentences totalling 300 and two (302) years in jail for three bosses and 16 different wrongdoers sentenced for drug dealing.
The charges additionally remember managing for illegal medications like cocaine, heroin, methamphetamine, pot and narcotics, following their capture and determined indictment by the organization.
Overseer of Media and Support, that's what femi Babafemi revealed, "The 19 convicts top the rundown of 414 medication dealers and vendors sentenced by the Government High Court in Benue, Bauchi, Edo, Lagos, Ogun, Gombe and the Bureaucratic Capital Region, FCT Abuja between July first - 31st 2024 in view of charges documented against them by the counter opiates agencyncon.00/0.00
"One of the three bosses, 50-year-old Bolanle Lookman Dauda was captured in a knowledge drove strike by agents of an extraordinary activity unit in NDLEA at Ibiye, along Lagos-Badagry turnpike while endeavoring to cross the land boundary to convey the transfer in Ghana on Saturday 25th May 2024. At the mark of his capture, 42 blocks of cocaine weighing 47.5 kilograms were tracked down on him.
A quick subsequent activity in his home at Plot 24/25 OPIC expansion, Petedo street, Agbara, Ogun state, prompted the recuperation of extra eight blocks of a similar medication weighing 10 kg, bringing the complete load of the cocaine seized from him to 57.5 kilograms.
He was thusly summoned before Hon. Equity Ambrose Allagoa of the Government High Court, Lagos in control number FHC/L/537C/2024.
"In his judgment followed through on nineteenth July 2024, Equity Allagoa sentenced and condemned him to 21 years detainment or installment of a choice of N 30 million fine.
"One more boss who was put in the slammer is 34- year old Ikeh Stanley Ifeanyi who was captured at the famous Idumota market in Lagos Island, where no less than 1,100 ampoules of deadly manufactured narcotic, fentanyl, weighing 6.480kg were recuperated from him. The hazardous narcotic is multiple times more strong than heroin and at present liable for more than 70% excess passings as well as a significant supporter of lethal and nonfatal excesses in the US. He was subsequently summoned before Equity Kehinde Ogundare of the Government High Court Lagos in control number FHC/L/433C/2024.
"Conveying his judgment on fourth July 2024, the preliminary adjudicator indicted Ifeanyi on the two counts charge and condemned him to 14 years in prison or a choice of N2million fine.
"In his own case, Christian Anyanwu was captured on Saturday 26th November, 2022 with 1.4 kilograms of methamphetamine disguised inside custard tins stuffed among beauty care products and staples going to Brazil through Doha on a Qatar Aviation routes flight. He was accordingly docked before Equity Yellin Bogoro of the Government High Court Lagos, and later indicted on twelfth July 2024.
"In his decision, the preliminary appointed authority condemned Anyanwu to 16 years in prison, four of which is a required detainment without a choice of fine.
Other people who sacked compulsory detainment in July for drug dealing include: Moses Yakubu condemned to 25 years in jail on 22nd July by Equity Rita Ajumogobia of the Government High Court Abuja; Oluosun Okikiola who was sentenced and condemned to 15 years in prison on seventeenth July by Equity A. An Okeke of the Government High Court Abeokuta, Ogun state.
Along these lines, Equity R.J Abubakar of the Government High Court, Makurdi, Benue state indicted and condemned Chanchan Terpase to seven years in jail on ninth July while Equity C.O. Obiozor of the Government High Court, Benin, Edo state sentenced and condemned Excellence Gani to 30 years in jail or installment of a choice of N 8 million fine on third July 2024.
The Administrator/CEO of NDLEA, Brig Gen Mohamed Buba Marwa (Rtd) complimented the officials and men of the different orders engaged with the capture and indictment of the cases as well as the legal executive for fast settlement. Marwa noticed that the condemning of the convicts will additionally give nibble to the medication supply decrease endeavors of the Organization.
SoftBank-Backed Revolut Secures $45B Valuation Ahead Of Possible IPO
~1.1 mins read
Revolut has secured a $45 billion valuation in a share sale by employees, cementing the U.K. company's position as one of the world's most valuable fintech startups.
The latest valuation comes as the company behind the banking-like app favors the Nasdaq as its venue for a potential initial public offering (IPO), according to the .
Founded in 2015, Revolut was valued at $33 billion in 2021 and on Friday said existing investor Tiger Global and fellow hedge funds Coatue and D1 Capital Partners had invested in the employees' sale of stock.
"This secondary share sale allows current employees to capitalise on their contribution to Revolut's growth, while attracting a diverse mix of both new and existing investors," Revolut said.
Japan's SoftBank bought into the company in 2021. That funding round three years ago helped make Revolut the world's most valuable fintech startup after American digital payments giant Stripe, according to .
The company got a U.K. banking license in July, which allowed it to expand and take on the country's dominant banks by offering popular products such as mortgages. It already has a banking license in Lithuania, which gives it access to the European Union (EU), as well as Mexico.
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Homebuilders Started Fewer Projects In July Than In Any Month Since 2020
~1.2 mins read
Not since the early days of COVID-19 have homebuilders started so few projects as they did in July.If homebuilders started projects all year long at the same rate they did in July, they’d begin building 1.24 million homes, down from 1.33 million in June, the Census Bureau said Friday. That was the slowest seasonally adjusted annual rate since May 2020 shortly after the pandemic began. According to surveys of homebuilders, the outlook for business this summer has been stifled by high mortgage rates, the result of the Federal Reserve’s campaign of interest rate hikes that began in 2022.
With rates hovering near 7% for most of the summer, buyers have struggled to afford monthly payments, and many would-be homeowners have dropped out of the market. Homebuying is especially daunting when comparing today’s high rates with the ultra-low interest offered during the pandemic.
That all could change, however: Mortgage rates dropped significantly earlier this month, and stayed relatively low at 6.49% last week, according to Freddie Mac. With rates having fallen, and the prospect of further declines on the horizon, the outlook for homebuilding is looking up.
“As mortgage rates begin to fall, many potential homebuyers will come off the sidelines and begin to look for new homes,” Joel Berner, senior economist at Realtor.com, said in a press release. “For buyers looking to purchase a home, new construction may be more feasible than they expect after a year of increased new home completions and decreased levels of new home sales.”
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Lady Grins From Ear To Ear After Witnessing A Man Get A ‘reward’ For Urinating By The Roadside
~0.3 mins read
A lady grins from ear to ear after witnessing a man get a ‘reward’ for urinating by the roadside.
She said she just witnessed the sweetest thing. A man peeing by the roadside just got br¥shed into the gutter by a car. If you see the way she grinning from ear to ear.
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