An astonishing judgment emerged from a United States District Court as Changpeng Zhao, the renowned founder and ex-CEO of Binance, received a four-month prison sentence on Tuesday. In a significant ruling by Judge Richard Jones, Zhao, also known as CZ, was also directed to pay a hefty fine of $50 million. Contrary to the recommendation by the probation officer, Mail Online disclosed that the judge decided against imposing a five-month probation term. Back in November 2023, Zhao entered a guilty plea to a charge related to money laundering. The 47-year-old confessed to the deliberate violation of the Bank Secrecy Act by failing to establish an effective anti-money laundering framework during his tenure as the CEO of Binance between July 2017 and November 2023. For similar charges, Binanc...

Announcement has been made by the Federal Government regarding a complimentary passenger train journey on the recently restored Port Harcourt to Aba railway route. The statement was made on Tuesday evening by Oloruntola Oluremi, the Permanent Secretary of the Ministry of Transport, as reported by The Nation. It was mentioned that the free train ride offer will be available for four days, beginning from May 1 to May 4. The official statement mentioned, “A free train ride will be offered between Port-Harcourt and Aba from the 1st to the 4th of May 2024. “The train will depart from Port-Harcourt daily at 8am bound for Aba. Similarly, it will depart from Aba daily at 3pm returning to Port-Harcourt. Regular commercial services will resume on Tuesday, May 7, 2024”. In a recent development, t...