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Kim Kardashian Agrees To Pay $1.26 Million To Settle SEC Cryptocurrency Promotion Charge

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American businesswoman Kim Kardashian on Monday agreed to pay a $1.26 million fine to settle charges brought against her by the U.S. Securities and Exchange Commission for promoting the cryptocurrency EthereumMax without disclosing the fact that she was being paid for the promotion.

In a press release, the SEC said its investigation found Kardashian had received $250,000 to promote the cryptocurrency on her Instagram account, a fact she failed to disclose.

As part of the settlement, Kardashian will pay $260,000 in disgorgement—repayment of her promotional fee plus accumulated interest—and a $1 million fine, Forbes.com reports.

Aside from the financial penalty, Kardashian has agreed not to promote any crypto assets for three years.

The press release notes that Kardashian has neither admitted to nor denied the findings of the SEC’s investigation.

In a statement shared with Forbes, Kardashian’s team said she fully cooperated with the SEC and is “pleased to have resolved this matter” adding that she “wanted to get this matter behind her to avoid a protracted dispute.”

Commenting on the situation, Chairperson, U.S. Securities and Exchange Commission Gary Gensler said, “When celebrities or influencers endorse investment opportunities, including crypto-asset securities, it doesn’t mean that those investment products are right for all investors…Ms. Kardashian’s case also serves as a reminder to celebrities and others that the law requires them to disclose to the public when and how much they are paid to promote investing in securities.”

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‘APC Made Nigeria, The Poverty Capital Of The World’, Charly Boy Fumes

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Nigerian entertainer, Charles Oputa, popularly known as Charly Boy or Area Fada, has accused the All Progressives Congress, APC, of paying people to attend the party’s campaign rallies.

The popular activist shared a video which captured a man in a vehicle giving out N1,000 each to those on board who were wearing APC caps and T-shirts on his Twitter handle.

He also accused the ruling party of crippling the nation’s economy, saying APC made Nigeria the “Poverty Capital of the World”.

He wrote, “APC paying money to rent crowd for their rallies. What a shame. They first made the country the Poverty Capital of the World, and now they’re shamelessly renting crowds for their rallies openly.

“Anyways, collect your money but wake up
You should use your power to serve the people, not Oppress them!! Free Aminu!!!”

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Femi Kuti Frowns At Tinubu, APC Over Unauthorised Use Of Fela Song For Campaign

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The family of Fela Anikulapo-Kuti frowned at the All Progressives Congress (APC) and its presidential candidate Bola Tinubu for the use of the late artiste’s song for the 2023 election campaign.

Femi Kuti in a “disclaimer and notice of use without consent” for the Fela Anikulapo-Kuti family said the use of Fela’s popular song “Eko Ile” during one of its campaign activities for their 2023 presidential campaign was unauthorised.

The Kuti family said it wished to continue to be politically neutral.

“We the administrators of the estate of Fela Anikulapo-Kuti issue this disclaimer. We wish to state here for clarity, that the permission of the estate was not sought for the use of Fela’s music, Eko Ile, in the All Progressives Congress social media campaign currently making the rounds,” Fela Anikulapo-Kuti family said.

“We do not involve Fela’s music in any political campaign at home or abroad and choose to remain neutral.

“While we wish all candidates the best, we demand that the laws of the Federal Republic of Nigeria are abided by and intellectual property rights are duly respected. Signed the estate of Fela Anikulapo-Kuti.”

Tinubu and the members of the APC presidential campaign council held a rally last Saturday at Teslim Balogun Stadium, Surulere, Lagos State.

Fela’s popular song “Eko Ile” was used in a video recap of the rally by Tinubu on Twitter.

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Twitter post: ‘This Is Pure Wickedness, You’re Not God’, Comedian Mr Macaroni Blasts Aisha Buhari Over Aminu Adamu’s Arrest

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Famous Nigerian skit maker and social activist, Debo Adebayo, popularly known as Mr Macaroni, has called on the First Lady, Aisha Buhari, to go to court if she has any grievance over Aminu Adamu’s criticism.

Mr Macaroni also advised her to use her power to serve and not oppress the people.

He made the statement on Tuesday via his verified Twitter handle.

Recall that Aisha Buhari and the Department of State Services (DSS) are facing criticism over the arrest of Adamu, after a remark on Twitter.

Adamu, a student of the Federal University, Dutse, Jigawa State, is in detention for commenting on Aisha’s weight.

However, following the illegal detention of Adamu over his comment, Mr Macaroni has come out to say that the First Lady is not bigger than the citizens.

He wrote, “Madam First Lady, you are not God!!! If you have any grievance whatsoever, go to court!!! You are not bigger than the Citizens of Nigeria, neither are you bigger than the Law!! You should use your power to serve the people, not oppress them!!
Free Aminu!!!

“President Goodluck Jonathan and his wife suffered so many insults. Even from people who are in this present government.

“APC trolls curse and insult some of us here every day. We dey chest am. The ones we can’t chest, we go to court!
“Madam First Lady, stop abusing power!!!


“I can speak so much about issues like this because I have been a victim of oppression and brutality and I know how horrible the experience is!!! If you are being held by security agents with backing from political figures, they will do the unthinkable!! Dem go lick you finish!!”

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