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Man jailed in Lagos for $5000 cryptocurrency fraud

A Special Offences Court sitting in Ikeja, Lagos State, on Wednesday, sentenced a 25-year-old man, Babatunde Shittu, to one year in jail for engaging in and benefitting from $5,000 cryptocurrency fraud. The News Agency of Nigeria (NAN) reports that Shittu had claimed to be an investor in cryptocurrency, and produced fraudulent documents in that regard in order to defraud members of the public. Justice Olubunmi Abike-Fadipe convicted and sentenced him after he pleaded guilty to a count charge of cryptocurrency fraud preferred against him by the Economic and Financial Crimes Commission (EFCC). A…