The Economic and Financial Crimes Commission (EFCC) has secured the conviction of ten individuals for naira abuse in separate rulings by two Federal High Courts.
The Benin Zonal Directorate of the EFCC said the convictions were handed down by Justice F. A. Olubanjo of the Federal High Court, Asaba, Delta State, and Justice C. A. Obiozor of the Federal High Court, Benin City, Edo State.
The convicts are Lucky Onoberhie, Happy Joseph Isioma, Friday Ehiedu, Collins Ndudi Albert, Okorie Builder, Ernest Achieme, Isicheli Desmond Chijioke and Nwosu Davison
Others are: Enadegh Agbonmware and Lucky Osaro
According to the EFCC, the convicts were said to have tampered with the naira by spraying the same while dancing at a party, an offence contrary to Section 21(3) of the Central Bank of Nigeria Act 2007.
The charge against Ernest Achieme reads: “That you Ernest Achieme (m) on or about the 31st December, 2025 at Kwale within the jurisdiction of this honourable court, whilst dancing at a wedding ceremony tampered with the sum of N50,000.00 in N200 denomination issued by the Central Bank of Nigeria (CBN) by spraying same and thereby committed an offence contrary to Section 21(3) of the Central Bank of Nigeria Act, 2007 and punishable under Section 21 (3) of the same Act”
All ten defendants pleaded guilty to their charges when they were read to them.
Following their guilty pleas, the prosecution counsel, K.W. Chukwuma-Eneh, prayed to the court to convict and sentence them accordingly.
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Justice F. A. Olubanjo convicted and sentenced Onoberhie, Isioma, Ehiedu, Ndudi, Builder, Achieme, Chijioke and Davison to 12 months imprisonment or a fine of N100,000 each.
In a similar development, Justice Obiozor convicted and sentenced Agbonmware to six months imprisonment or a fine of N100,000 for spraying the naira, while Osaro was convicted and sentenced to six months imprisonment or a fine of N100,000 for a similar offence.
The EFCC said all the convicts undertook in writing to be of good conduct going forward.
All the convicts were arrested and prosecuted for abusing the Naira, contrary to extant laws against such a practice, the EFCC said.
