Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has appealed the judgment of an Abuja Federal High Court that convicted its Chairman, Abdulrasheed Bawa for contempt of court.

Bawa told journalists that he has taken the step to appeal judgment after Justice Chizoba Oji ordered the Inspector General of Police to see that the EFCC boss gets sent to prison.

Speaking on the development, the EFCC spokesman, Wilson Uwujaren, said in a statement that the order of Justice Oji came as a surprise to the agency. He said the judgment that resulted in sending Bawa to prison for contempt of court happened three years before he became the EFCC’s chairman.

The court had in a November 21, 2018 court ruling, ordered the EFCC to release seized property belonging to Air Vice Marshal Rufus Adeniyi Ojuawo, after it found him not guilty of the charges leveled against him by the anti-graft agency. The property include N40 million and a Range Rover Sport (Supercharged) Ojuawo was accused of corruptly receiving as gratification from one Hima Aboubakar of Societe D’Equipment Internationaux Nigeria Limited.

Uwujaren explained that despite inheriting the judgment, Bawa has released the Range Rover Sport and is working to see that the N40 million is returned to Ojuawo.

“This ruling is surprising, as it creates a wrong impression of the person of the Executive Chairman of the EFCC as encouraging impunity. As far as the relationship between the EFCC and the judiciary is concerned, the Executive Chairman, Mr. Abdulrasheed Bawa, has been an apostle of rule of law, due process, and close collaboration between the two institutions in justice administration.

“As an investigator, and the only chief executive of a law enforcement agency, who regularly goes to court, the executive chairman will not tolerate impunity or disregard any lawful orders of court. Abdulrasheed Bawa, in his capacity as Executive Chairman of the EFCC since March 5, 2022, did not disregard any order of court.

“For the benefit of the public, the said order of the FCT High Court was given on November 21, 2018, three years before Abdulrasheed became EFCC Chairman. This fact is germane as the contempt process is quasi criminal in nature and must be served on the person involved. In this case, Bawa as incumbent chairman of the EFCC, was neither served form 48 nor form 49.

“Despite this fact, the executive chairman, upon being aware of the said order of November 21st 2018, had released the Range Rover in question to the Applicant on the 27th of June, 2022 and had approved the process of the release of the remaining N40m.

“Taking into cognisance the procedural lapse in the contempt proceedings, the commission has initiated a process to set aside the entire contempt proceedings and committal of the executive chairman for contempt.

“Despite the discomfort of this ruling, which is seemingly promoted by misinformation, the commission remains committed to working closely with the judiciary in furtherance of the fight against economic and financial crimes in Nigeria,” the statement said.

Explaining why he failed to execute the order of the court respecting Bawa, the Inspector General of Police, Usman Alkali, said he was not aware of the October 28 judgment that committed the EFCC boss to prison for contempt of court.

People frequently misunderstand this when they approach to trade. Many have the mindset that basic concepts like price movements, trending networks, technical indicators, etc., can solve the market’s problems. These instruments represent the market mathematically, but without the math, the market appears considerably more disorderly and unpredictable. That’s because thousands of various dynamic factors clash and reinforce one another to create it. This kind of aggressive movement is impossible to predict completely. As a result, it is unwise to hope for the ideal predicting trading strategy method.

Nevertheless, a lot of advisors make claims of almost perfect market analysis and prediction accuracy. If you come across these advisors, be wary of them and raise your guard. This kind of learning should be avoided because it is completely absurd. A system that promises to do the job for you comes with the same caution. The system is inadequate for the innovation required to effectively manage a continuously evolving market since it can only examine code-specific trends or sequences of data.

DYOR on trusted crypto platforms that have credible brokers who will not leave you with extravagant and unrealistic promises about big rewards and market gains. Utilise linking platforms that are proven and tested by many such as Bitcoin Profit. The platform connects you to reliable brokers upon signing up. These brokers act as your advisors and help you prevent massive loss in funds, especially if you are a beginner.

Debunking Trading Myths

Diversifying Your Portfolio

Certainly, you don’t want to spend every last cent on a stock in the hopes that it will increase. However, it is difficult to determine which direction a stock will go next in an unstable market. Diversification has no impact on that. Furthermore, standard diversification ignores differences in risk between equities and bonds.

Diversify, but do so throughout markets and strategies. Extending out your transactions over a period of time and utilising strategies such as vertical option spreads and other defined-risk, higher-probability option spreads that allow you to capitalise on fluctuating markets. Additionally, you can have lesser amounts at risk across even more equities and stocks if you adopt strategies that need less money than purchasing stocks or bonds, increasing diversification. To help determine the potential overall risk of all your positions, think about using instruments such as the beta-weighting features on the platforms.

Market Volatility

Volatility has two aspects. An investment that increases by 10 per cent is just as volatile as one that decreases by 10 per cent. The enormous profits that some traders seek are only accessible in erratic markets. Furthermore, volatility is constantly changing. It shifts upward when there is a lot of market uncertainty and downward when there is greater confidence. And following a significant recovery, confidence frequently comes in. Because of this, volatility may increase with effective sales when you determine it is low enough to resume investing in equities.

Market volatility, which increases the stock price’s possible swings, may also result in greater option prices. Additionally, it may result in higher credits for strategies like specific option spreads. These higher credits could also translate into bigger earnings potential. You shouldn’t hesitate until the volatility is significant to fill your portfolio with short-option methods just because the credits are greater. Be mindful that a higher potential reward typically entails a higher possible loss. Maintain your trading style minimal so that, even in the most unlikely scenario, the loss is bearable, regardless of how volatile the market is.

Small Losses

For instance, due to the bid/ask expansion, every option trade begins as a loser. And if your sole criterion for exiting a trade is “small losses,” you run the risk of being caught off-guard out of every kind of investment on an overnight swing. Furthermore, since trades with high returns are uncommon, this strategy doesn’t provide any direction on when to take gains to prevent trades from going against you. The probability that the stock will flip itself and turn your profitable trade into scrap or even a loss increases the longer you keep a beneficial position. Because of this, it appears that this myth is more about chance than strategy.

Consider trading with lesser earnings and smaller lost deals rather than concentrating on aiming to get enormous gains. In short,  use tactics with higher intrinsic win rates and lower predetermined risk to keep both your projected gains and losses in check. For instance, option-credit spread methods like vertical spreads can have a better probability of profit and specified risk with a lower maximum loss. They may serve as the cornerstone of a portfolio where profits are gradually increased substantially.

Utilising Stop Orders

Stop orders appear reasonable, but the key concern is: where should they be placed? Losses can be minimised by using a stop price that is almost similar to the current price. However, due to the industry’s erratic swings, a long position can be closed out as a losing position before the stock rebounds, and the position possibly turns beneficial. The possible loss is significantly higher for a halt that is too far away. In any case, if stock limitations lower, resulting in stop orders being served at values much lower than the stop price, a stop order does little to secure you.

A basic method of risk management for a stock you’ve purchased is to use stops. It would be wiser to see risk management as beginning with order entry. However, a stop order doesn’t actually let you know how much you could lose. Instead, employ strategies where the highest loss is known at the time the order is placed and is within your risk tolerance.

Conclusion

To cut it short, there is no best strategy to follow. You do not require one, which is great news. There are many highly successful traders out there operating in similar trading and financial conditions. Dismiss the myths and begin working more rationally. The trader develops the strategy, not the other way around, so stop searching for the ideal and start honing your own trading abilities.

Toon Finance Leads the Memecoin Frenzy

Two meme coins– Shiba Inu and Dogecoin were once the most popular in the cryptocurrency industry, this was before the introduction of other fascinating assets that further popularized meme currencies.

In this article, we are going to have an intense look at two popular meme coins

TamaDoge and Toon Finance

These two coins are indisputable two leading assets in the cryptocurrency industry, TamaDoge enjoyed a rapid rise, and during this period many people recognized TamaDoge as the most advanced meme coin due to TamaDoge’s ground-breaking core.

TamaDoge stood tall above the rest, this meme coin was a revolutionary cryptocurrency, and every investor wanted to get their hands on it because TamaDoge promised to change the meme coin industry, and it certainly changed the industry for a moment when it ousted the dominant meme coins– Dogecoin and Shiba Inu.

TamaDoge enjoyed the spotlight for a while, then, another meme coin with more amazing features was released, this new meme coin Toon Finance made TamaDoge lose its value, TamaDoge experienced uptight competition, and TamaDoge value kept falling which left investors no other choice but to invest in Toon Finance success which was the latest and undisputedly the best coin in the cryptocurrency industry.

We were concerned about TamaDoge’s sudden drop in value, this propelled us on a research project on how TamaDoge fell to the Toon Finance project. The result of our research provided insight into the flaws TamaDoge had and the secrets behind Toon Finance’s success.

This article is a wonderful read that embodies easy-to-digest content that will enable you to understand:

TamaDoge V.S. Toon Finance

What is TamaDoge?

TamaDoge is a play-to-earn (P2E) game representing a digital pet named TAMAgotchi, this project offers an exciting reward for anyone interested in playing this game.

TamaDoge was created by Aki Maita, operating for Bandai, and Akhiro Yokoi operating for WiZ in Japan. The TamaDoge is also known as TAMA, this project was released within the Temaverse.

This crypto project was once the most anticipated and popular cryptocurrency project in the industry, an affirmation of this is the successful sale of the whole 1 billion TAMA token supply.

The TamaDoge platform climaxed in an enormous successful presale phase, the platform raised an excess of $19 million within weeks, and the $19 million was raised months ahead of plan, this feat cut the eyes of everyone in the cryptocurrency industry.

A lot of people are convinced that TamaDoge is inspired by Dogecoin, an hint to this can be garnered if you visit TamaDoge’s official screen where you can see some Doge emblems. The TamaDoge project is built within the Ethereum blockchain, this coin is one of the best ERC20 tokens, TamaDoge took a different strategy when compared with other meme coins. TamaDoge combined meme coin concepts with P2E gaming mechanisms.

TamaDoge pets are built as NFTs, all pets are minted as babies, therefore, TamaDoge pet owners have to look after them till maturity. Immediately a TamaDoge pet becomes an adult, the pet is free to participate in TamaDogs turn based battling arena versus other pets. Each pet possesses its distinctive strengths and weaknesses.

TamaDoge permits users to develop regular rewards through skilled gameplay, these rewards are obtained by players when they players mint, breed, care for, and battle their TamaDoge pets.

Victories in these battles are rewarded with Dogepoints, these Dogepoints dictate how players climb the leaderboard. There is another reward from the Dogepool, those TamaDoge pet owners with the most Dogepoints will be rewarded in TAMA from the Dogepool which is funded through purchases made from the TamaDoge Store.

In summary, TamaDoge project is an autonomous ecosystem form where investors and users can purchase in-game items through earned rewards.

TamaDoge features

A closer look at TamaDoge would help to understand the reasons why TamaDoge had an impressive start, at the same time, we would be able to unravel what made TamaDoge fell while Toon Finance became successful.

NFT integration:

The year 2022 has experienced some of the coolest NFT projects the the cryptocurrency industry has ever seen. Based on the innovative way the game interacts with digital assets.

TamaDoge ranks top as one of the coolest NFT projects, as stated earlier, TamaDoge pets are minted as babies at the initial stages then, they are groomed to grow in preparation for the turn-based battle game. Aside from this, in-game items such as dog accessories and food are structured as NFTs, this way, players retain genuine ownership over their pets and items within the project whilst facilitating easy and convenient trading through the TamaDoge Store.

Exciting feasible rewards:

TamaDoge project possesses thrilling P2E mechanics that are very lucrative, the projects game-friendly aesthetic appeals to numerous investors and this is important to help the TamaDoge team create an engaged community that is welcoming for amateurs and evolved investors.

Another TamaDoge reward is the possibility of an intense experience when investors invest in additional in-game items.

Integration with Metaverse:

Metaverse platforms deliver fantastic experiences, these metaverse platforms have invested in ways to give users a fantastic experience and many projects are also benefiting from metaverse by integrating their projects and launching their metaverse platform.

TamaDoges team also plans to launch their metaverse platform which would be called the Tamaverse. The Tamaverse would broaden and improve TamaDoge by creating a lovely experience among the TamaDoge community.

Aside from that, TamaDoge pets will be transitioned into current metaverse platforms, this will be done by rendering the pets as 3D models. This is an excellent growth because there will be a significant bonding between TamaDoge pets and their owners.

Delightful roadmap

TamaDoge platform outlined an exciting roadmap that includes more features for the longer term, TamaDoge roadmap promises to generate more substantial returns for its investors. The platform even considers a massive growth of TamaDoge where the meme coin will be known as the King of Memes.

Some of the plans outlined in TamaDoge roadmap include physical TamaDoge compensations, the possibility of launching an augmented reality (AR) application, P2E arcade games, CEX listings, and partnerships with numerous metaverse platforms.

Why Experts say Toon Finance is a better choice

TamaDoge and Toon Finance probably rank as the most popular meme coins in the For the past few months, these coins surfaced closely within a similar period. When TamaDoge surfaced it went up above 400% within 24 hours, unfortunately, TamaDoge hasn’t been able to keep up with its initial success.

In contrast to TamaDoge, Toon Finance’s success rate amazed the entire cryptocurrency industry as Toon Finance’s 1st round of presale surpassed TamaDoge. As a result, Every investor is confident in investing in Toon Finance and we are all looking ahead to Toon Finances next presale.

Toon Finance offered investors something better and since then TamaDoge has not been able to maintain its value.

A lot of media outlets and experts have been comparing TamaDoge and Toon Finance, the latter of which is favored by a higher percentage of people. Toon Finance comes out with a decentralized exchange platform that can be used on P2E and to swap Ethereum chain tokens. This unique feature is one reason why Toon Finance has a better chance of a successful run than TamaDoge.

Right now, the truth is that Toon Finance has an advantage over other meme coins, recently, Toon Finance also published that they will launch 10,000 Toonie characters to their collection, there are a lot of Toonie characters waiting for you its time for yours now.

There’s an incentive for the first 1,000 Toon members to enlist in Toon's amazing project, this incentive is in form of the first 1,000 airdrops for the first 1,000 members.

What is Toon Finance?

You’ve probably been admiring the new meme coin that has spurred and attracted cryptocurrency investors, this section will give you more information about Toon Finance.

Toon Finance is a popular meme coin and a decentralized exchange (DEX) token. Toon Finance was introduced into the cryptocurrency market three months ago, this meme coin was named after a meme, this reputable coin made over $3 million within a week during the first phase of its presale.

From the moment it was introduced till now, Toon Finance has been leading other coins as the first choice of investment for investors in the cryptocurrency industry.

With the rate at which this amazing coin is going Toon Finance is an unstoppable coin that will have a remarkable impact all-around the cryptocurrency industry.

What makes Toon Finance different?

Toon Finance is in the spotlight because of the unusual initiative that Toon Finance Protocol offers investors, Toon Finance is one of the most versatile cryptocurrency projects in the industry, which makes the meme coin an interesting project. Toon Finance Protocol is successfully assembling the most adaptable decentralized exchange platform, this initiative is credited as a massive improvement on every meme coin the cryptocurrency industry has seen.

Right now, Toon Finance Protocol is set to release an amazing set of 10,000 Toon Finance NFTs which would represent diverse cartoon characters. Upon release, investors would be able to purchase their NFTs from Toon Protocol’s official website so, if you are looking for a profitable, exciting, and secure investment, look forward to Toon Finance’s forthcoming initiatives.

When released, all Toon characters and the Toon Finance NFT will be available for use within the Toon Finance metaverse. We believe that this brilliant and novel initiative from Toon Finance will increase the competition in the cryptocurrency industry, and place their meme coin in a top position above the rest, Toon Finance investors would be able to use their Toon characters for any trading options and the P2E.

Why you should focus on investing in Toon Finance.

There are a couple of meaningful reasons we could provide on why you should consider, focus, and invest in Toon Finance. Out of numerous reasons, we have collated four reasons that would interest cryptocurrency enthusiasts, we believe that before you get to the fourth reason you would have seen a couple of reasons why you need to focus on investing in Toon Finance.

Toon Finance developers are innovative and experienced The Toon Finance developers team consists of expert crypto advisors and expert developers in blockchain development who have garnered experience in numerous leading cryptocurrency companies in the industry.

The Toon Finance team is dedicated to developing a secure, efficient, and user-friendly platform where investors can easily manage their assets. The team is successful in its endeavors, this remarkable success has given investors further assurance that investing in Toon Finance is a smart and beneficial decision.

Toon Finance algorithm is far better than the rest

When compared to other cryptocurrency projects, the Toon Finance algorithm is more efficient than others, a less efficient algorithm results in slow and costly transactions which can be frustrating when performing transactions. An efficient algorithm offers a lesser period in verifying transactions, it ensures that transactions are not piled up in ledgers.

Toon Finance process transactions faster than any other project, another benefit of This project helps in reducing the cost associated with transactions. Toon Finance algorithm also helps to prevent inflations hereby, ensuring long-term stability and wider growth opportunities.

Toon Finance platform is user-friendly

Toon Finance stands tall as one of the most user-friendly cryptocurrency platforms in the industry. Many investors reported that they found it very easy to invest in Toon Finance platform than other projects platforms. It is very simple to navigate and many investors are happy to get back to Toon Finance platform anytime they want to without thinking about complications in engaging with Toon Finance.

Toon Finance has one of the most engaging community

The Toon Finance project is established through an excellent team and supportive community, this community embraces Toon Finance’s mission and passionately helps Toon Finance with incredible initiatives that strengthen the coin.

Why invest in Toon Finance

What else is stopping you from joining the Toon Finance success train? If you are interested in investing in a solid and long-term reliable investment, we advise you to think about investing in Toon Finance.

How do you invest in Toon Finance?

It’s easy, you can visit Toon Finance’s official website to get these affordable coins from the presale. However, before you can purchase Toon Finance TFT tokens you need to possess a multi-coin cryptocurrency, either of MetaMask or TrustWallet is perfect. After this fill your wallet with adequate Ethereum, from here you can go ahead to Toon Finance website to purchase your Toon Finance

Toon Finance Protocol / ToonFi Telegram / Toon Finance Presale / Toon Finance Twitter