Jail term

Hushpuppi sentenced to 11-year jail term for fraud in US

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Hushpuppi, a popular Instagram user from Nigeria, Ramon Abbas, was found guilty of fraud and received an 11-year prison term. In its most recent session, the United State Central District Court in California handed down the sentence. However, because Hushpuppi has already served two years in imprisonment since his arrest in 2020, he willContinue Reading

Reps mulls introduction of 10-year jail term for operators of Ponzi schemes

By: IMB Kallamu

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The House of Reps on Thursday, January 20, debated a bill stating that illegal promoters and operators of Ponzi/Pyramids Schemes in Nigeria are to get a 10-year jail term. The Reps bill will also make the Securities and Exchange Commission (SEC) the apex regulatory body for the Nigerian Capital market.Continue Reading