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BREAKINGNigeria secures $2.25 billion World Bank loan
WTI$68.92 1.80%
NewsNigeria exits technical recession with 3.46% GDP growth
NewsCBN raises interest rate by 400 basis points to 22.75%
BREAKINGSEC announces new rules for digital assets
ALERTAviation fuel prices drop by 8%
UPDATENDDC launches ₦2.5bn infrastructure bond
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
EUR/USD1.0845 0.12%
S&P5,776.65 0.15%
NGXASI98,575.68 1.25%
NewsDangote Refinery begins petrol production
NewsFAAC disburses N1.1 trillion to federal, states, LGs
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria's inflation rate drops to 24.48% in January
NewsStock market capitalization crosses N55 trillion mark
NewsForeign reserves hit $34.2 billion, highest in 2 years
DOW42,850.22 0.32%
NewsNigerian banking sector assets grow by 45% year-on-year
UPDATETinubu approves ₦3 trillion for power sector
NewsOil prices rally on OPEC+ production cuts extension
NewsEuro depreciates against dollar ahead of ECB meeting
USD/NGN₦1,550 0.45%
BTC$87,250 3.20%
NewsBrent crude approaches $75 amid Middle East tensions
NewsNaira stabilizes at N1,550/$1 in official market
GOLD$2,890.5 0.85%
NEWSNNPC reports 47% profit increase
NAS18,290.25 1.05%
BRENT$72.45 2.10%
NewsGold hits record high as investors seek safe haven
BREAKINGNigeria secures $2.25 billion World Bank loan
WTI$68.92 1.80%
NewsNigeria exits technical recession with 3.46% GDP growth
NewsCBN raises interest rate by 400 basis points to 22.75%
BREAKINGSEC announces new rules for digital assets
ALERTAviation fuel prices drop by 8%
UPDATENDDC launches ₦2.5bn infrastructure bond
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
EUR/USD1.0845 0.12%
S&P5,776.65 0.15%
NGXASI98,575.68 1.25%
NewsDangote Refinery begins petrol production
NewsFAAC disburses N1.1 trillion to federal, states, LGs
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria's inflation rate drops to 24.48% in January
NewsStock market capitalization crosses N55 trillion mark
NewsForeign reserves hit $34.2 billion, highest in 2 years
DOW42,850.22 0.32%
NewsNigerian banking sector assets grow by 45% year-on-year
UPDATETinubu approves ₦3 trillion for power sector
NewsOil prices rally on OPEC+ production cuts extension
NewsEuro depreciates against dollar ahead of ECB meeting
USD/NGN₦1,550 0.45%
BTC$87,250 3.20%
NewsBrent crude approaches $75 amid Middle East tensions
NewsNaira stabilizes at N1,550/$1 in official market
GOLD$2,890.5 0.85%
NEWSNNPC reports 47% profit increase
NAS18,290.25 1.05%
BRENT$72.45 2.10%
NewsGold hits record high as investors seek safe haven
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NGXBANK678.42 0.32%
NGXINS245.18 0.45%
NGXCG892.34 0.18%
NGXOIL567.89 1.12%
NGXIND345.67 0.23%
PREMIUM7,891.23 0.67%
NGXASI98,575.68 1.25%
NGX304,523.15 0.85%
NGXBANK678.42 0.32%
NGXINS245.18 0.45%
NGXCG892.34 0.18%
NGXOIL567.89 1.12%
NGXIND345.67 0.23%
PREMIUM7,891.23 0.67%
MARKET NEWS
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsNaira stabilizes at N1,550/$1 in official market
NewsOil prices rally on OPEC+ production cuts extension
NewsNigeria's inflation rate drops to 24.48% in January
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsDangote Refinery begins petrol production
NewsBrent crude approaches $75 amid Middle East tensions
NewsNigerian banking sector assets grow by 45% year-on-year
NewsStock market capitalization crosses N55 trillion mark
NewsGold hits record high as investors seek safe haven
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria exits technical recession with 3.46% GDP growth
NewsFAAC disburses N1.1 trillion to federal, states, LGs
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsNaira stabilizes at N1,550/$1 in official market
NewsOil prices rally on OPEC+ production cuts extension
NewsNigeria's inflation rate drops to 24.48% in January
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsDangote Refinery begins petrol production
NewsBrent crude approaches $75 amid Middle East tensions
NewsNigerian banking sector assets grow by 45% year-on-year
NewsStock market capitalization crosses N55 trillion mark
NewsGold hits record high as investors seek safe haven
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria exits technical recession with 3.46% GDP growth
NewsFAAC disburses N1.1 trillion to federal, states, LGs
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsNaira stabilizes at N1,550/$1 in official market
NewsOil prices rally on OPEC+ production cuts extension
NewsNigeria's inflation rate drops to 24.48% in January
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsDangote Refinery begins petrol production
NewsBrent crude approaches $75 amid Middle East tensions
NewsNigerian banking sector assets grow by 45% year-on-year
NewsStock market capitalization crosses N55 trillion mark
NewsGold hits record high as investors seek safe haven
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria exits technical recession with 3.46% GDP growth
NewsFAAC disburses N1.1 trillion to federal, states, LGs
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Financial EDGE

ICPC Case: College Rector Bags 7-Year Jail Term for Running Fake Degree Courses - FinancialEDGE

By adminResearch Signal
ICPC Case: College Rector Bags 7-Year Jail Term for Running Fake Degree Courses - FinancialEDGE
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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured the conviction of one Mr. Olaniran Satiregun for running fake and unapproved courses in his college in Nasarawa State.

Mr. Satiregun was the Founder/Rector of International College of Administration Science and Technology, Auta Balefi, Nasarawa State.

He was first arraigned alongside the institution in 2024 on a three-count charge bordering on obtaining by false pretence, contrary to Section 1 of the Advance Fee Fraud and Other Related Offences Act.

ICPC’s Prosecutors, led by Mr. Adesina Raheem, had, in the course of the trial, detailed how the two defendants deceived unsuspecting applicants by offering admissions to study courses that were not accredited by the regulatory body.

Investigations revealed that the institution only got approval from the National Board for Technical Education (NBTE) to run four courses.

However, it was discovered that the institution, sometimes between the years 2019 and 2021, offered admissions to some applicants into the College to study courses like Nursing, Public Health, and Computer Science.

One of the counts against the college and it’s Rector read: “That you, International Professional College of Administration Science and Technology Nigeria Ltd and Satiregun Olaniran (M) between 2019 and 2021 in Auta Balefi, Nasarawa State within the jurisdiction of this Honourable Court by false pretense, and with intent to defraud did obtain for yourselves the sum of N110,000 (One Hundred and Ten Thousand Naira) from Onmonya Daniel Ogah as school fees and cost of admission letter for being admitted to study Three years professional programme in public health/nursing science and (Bsc) degree conversion with recognized international university (after graduation) and/or professional certificate (CIA,CICN,IDPMN,NIMN,CICMAN, ICAN, NIM,RSA ETC) in International Professional College of Administration Science and Technology Nigeria Ltd, whereas International Professional College of Administration Science and Technology Nigeria Ltd, Nasarawa State does not have the approval to run three year programme in Public Health /Nursing Science or award degree in Nigeria and you thereby committed an offence contrary to Section 1 Sub Section (1) (a) and punishable under Section 1 Sub-Section (3) of the Advanced Fee Fraud Act 2006.”

While delivering a judgment on the case, Honourable Justice Anyalewa Onoja-Alapa of the Federal High Court, Lafia, Nasarawa State, found the two defendants guilty of all counts leveled against them.

The Judge also sentenced the 2nd defendant ( Mr. Satiregun) to 7 years imprisonment without the option of a fine.

The Judge further directed that all fees collected from the unsuspecting students who were offered illegal courses in the college be refunded to them and that the institution should limit itself to just four courses approved by the approving authority.