Naira abuse: Court in AkwaIbom jails man for spraying naira notes
Justice M. A. Oyetenu of the Federal High Court sitting in Uyo, Akwa Ibom State, has convicted one Etiusen Stephen for spraying naira notes.
The convict was arraigned on July 19, 2024, on a two-count charge bordering on naira abuse by the Economic and Financial Crimes Commission, EFCC.
One of the charges reads: “That you, Etiusen Stephen Udo, on or about 27th June 2024, in Uyo, Akwa Ibom State, within the jurisdiction of this honourable court, did sell forty thousand naira notes (N40,000.00) only to one Edidiong Usoro and thereby committed an offence contrary to Section 21 (4) of the Central Bank of Nigeria Act 2007 and punishable under Section 21 (1) of the same Act.”
When the charges were read to the defendant, he pleaded ‘guilty’ to both counts.
Justice Onyetenu thereafter convicted him and ordered the forfeiture of the N40,000 recovered from him to the Federal Government of Nigeria.
