Naira mutilation

Court jails Akwa Ibom man for spraying naira notes

5 months ago813 min

The Akwa Ibom Zonal Command of the Economic and Financial Crimes Commission has secured the conviction and sentencing of one Etiusen Stephen for spraying naira notes before Justice M.A.Oyetenu of the Federal High Court sitting in Uyo, Akwa Ibom State. This was disclosed in a statement posted on X.com on Wednesday. Stephen was arraigned on July 19, 2024, on a two-count charge of naira abuse, which violates Section 21 of the Central Bank of Nigeria...

by Probitas

Metro

EFCC arrests Kano banker, three others for mutilating naira notes

5 months ago894 min

Operatives of the Economic and Financial Crimes Commission have arrested a banker, Kamaluddeen Lawal, and three businessmen for recycling and manipulating the contents of the naira notes. Lawal was arrested alongside Ismail Ilu, Lamido Bala and Abba Mohammed at Unity Road, Kantin Kwari Market in Kano State. A statement on Tuesday by the EFCC’s Head, Media and Publicity, Dele Oyewale, said the suspects were arrested following an intelligence on their activities. He said, “Operatives of...