Headlines
Binomo Investment: Federal High Court convicts two for cryptocurrency scam
Nasiru Yusuf
The Federal High Court sitting in Kano has on Thursday convicted Okungbowa Collins and Florence Omorodion accused of obtaining money by false pretense.
Kano Focus reports that the trial judge Justice Lewis Allagoa sentenced each to restitution of the total sum of monies in their respective charge.
Okungbowa Collins is to restitute the sum of N420,000 to his victims, while Omorodion was ordered to restitute her victim the sum of N218,000.
It may be recalled that the Economic and Financial Crimes Commission EFCC has charged the convicts before the federal High Court, Kano on separate one count of obtaining money by false pretense.
They allegedly used their company, Binomo Investment to fraudulently obtain money from innocent victims under the pretext that Binomo is into Cryptocurrency business.
One of the charge reads that ‘’ You Okungbowa Collins E. on or about November and December, 2019 at Kano within the jurisdiction of the Federal High Court, did commit an unlawful act to wit; conducted series of financial transactions on behalf of one Osarunwense in the sum N420,000 which in fact involved the proceeds of an unlawful activity of the said Osarunwense and you thereby committed an offense contrary to and punishable under section 17 (b) of the Economic and Financial Crimes Commission (Establishment) Act 2004.
The other charge reads that ‘’ You Florence Omorodion on or about October and November, 2019 at Kano within the jurisdiction of the Federal High Court, did commit an unlawful act to wit; conducted series of financial transactions on behalf of one Destiny Omorodion in the sum N218,000 which in fact involved the proceeds of an unlawful activity of the said Destiny Omorodion and you thereby committed an offense contrary to and punishable under section 17 (b) of the Economic and Financial Crimes Commission (Establishment) Act 2004”.
The defendants pleaded ‘’guilty’’ to the charges.
Prosecution counsel, Micheal Ojo asked the court to convict the defendants in line with their pleas.
Counsels for the defendants, Tohwo Oseruvwoja and Felix E. Nnana both pleaded with court to temper justice with mercy in sentencing the defendants.
Both convicts were also sentenced to pay fine of the sum of N50, 000 each.
Nasiru Yusuf Ibrahim
Nigeria’s Vice President, Kashim Shettima, on Tuesday received a delegation from the Association of Kano Business Community at the Presidential Villa, Abuja, during a thank-you visit to President Bola Ahmed Tinubu.
KANO FOCUS reports that the delegation expressed appreciation to the Federal Government for its support to traders and other victims affected by the recent fire incident that razed several sections of the popular Singer Market in Kano.
Speaking during the meeting, the Vice President reaffirmed the Federal Government’s commitment to collaborating with the Kano State Government and relevant agencies to prevent a recurrence of fire outbreaks in markets across the state.
He assured the delegation that President Tinubu has the interests of Kano people at heart, noting that the N5 billion approved as immediate relief for victims was based on the findings of a preliminary assessment of the damage caused by the inferno.
Shettima reiterated that the Federal Government would continue to support efforts aimed at restoring commercial activities and strengthening safety measures in markets to protect lives and property.
Nasiru Yusuf Ibrahim
The Kano State Government has inaugurated a 23-member committee to oversee the transparent and equitable distribution of financial assistance and relief materials to victims of the recent Singer Market fire disaster.
KANO FOCUS reports that the inauguration was carried out on behalf of the Secretary to the State Government, Umar Faruq Ibrahim, who chairs the committee. The event was presided over by the state Attorney-General and Commissioner for Justice, Abdulkarim Kabiru Maude.
According to the Attorney-General, the committee comprises representatives from key government agencies, security services, the Kano Emirate Council, religious leaders, and affected traders.
He said the panel’s mandate includes assessing the extent of losses, verifying genuine victims, ensuring timely distribution of support, and recommending measures to prevent future fire incidents.
The intervention follows support approved by President Bola Ahmed Tinubu, as well as contributions from the APC Governors Forum. It also comes in addition to earlier assistance provided by Governor Abba Kabir Yusuf and the Deputy Senate President, Barau I. Jibrin.
The state government reaffirmed its commitment to supporting victims of the disaster and restoring commercial activities at Singer Market.
Nasiru Yusuf Ibrahim
The Kano State Government has announced Saturday, March 1, 2026, as the commencement date for the Eid-el-Fitr break for all public and private primary and post-primary schools in the state.
KANO FOCUS reports that the announcement, contained in the approved 2025/2026 academic calendar, applies to both day and boarding schools across the state.
According to a statement issued by the Director of Public Enlightenment, Musbahu Aminu Yakasai, parents and guardians of pupils and students in boarding schools are expected to convey their wards home by the early hours of Friday, February 28, 2026.
The statement further explained that boarding school students are to resume on Sunday, March 22, 2026, while day students are to resume on Monday, March 23, 2026.
It added that the second term will continue from Sunday, March 22, 2026, and end on Saturday, April 18, 2026.
The government directed all public and private schools in the state to comply strictly with the directive, warning that non-compliance would be treated as a breach of government instructions.
The Commissioner for Education, Ali Haruna Abubakar Makoda, urged parents and guardians to ensure full compliance with the approved resumption dates.
He appreciated parents and residents of the state for their continued cooperation and support to the ministry, and wished pupils and students a successful completion of the Ramadan fast and hitch-free Sallah celebrations.
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