More

    Nigeria Court jails Chinese man two years over Naira Mutilation 

    Published By:

    The Lagos Zonal Command of the EFCC on Tuesday, May 31, 2022, secured the conviction and sentencing of one Li Lei Lei, a Chinese national, 24 months imprisonment for mutilating the Nigeria Currency. He was convicted by Justice 1. Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos.

    On four- count charge bordering on tampering with the Nigerian Naira note, an offence contrary to and punishable under section 21(1)of the Central Bank of Nigeria Establishment) Act.

    The principal Manager, currency Operations Department, Mrs Dorothy Onyene , urged traders and other Nigerians to stop abusing the Naira . Onyene condemned the way some Nigerians mutilate fold, and deface the Naira, saying, “It is a punishable offence to abuse the Naira. Defaulting are liable to six months imprisonment and/or N50,000 fine.

    “Improper handling of the notes, including Mutilation, hawking, squeezing and spraying money at events would not be tolerated.”

    Treasure Ike
    Treasure Ike
    Chinyere Treasure Ikechukwu known professionally as Queen Ferry, is a Nigerian business Executive, Journalist and Content Editor. She serves as the Vice-Chairman of Naijatraffic Limited and also the CEO of Wakadaily. If Treasure is not blogging, she will be making delicious delicacy.

    Most Popular Read

    poverty is major cause of vote-buying in Nigeria – UN

    The United Nations (UN) Women Representative to Nigeria and ECOWAS, Beatrice Eyong, says poverty is a major cause of vote-buying in Nigeria. Ms Eyong said...

    PDP crisis: Wike’s group pull out of Atiku’s campaign 

    The crisis rocking the People Democratic Party (PDP), worsened as members of the Wike group reportedly pulled out of the campaign council of the...

    Lagos cult clash: Community panics after cultists kill NURTW boss 

    A Chairman of the National Union of Road Transport Workers (NURTW), Sulaimon Onaolapo, popularly known as Ariku, was killed on Sunday during a cult...

    Consider physical capacity, age before voting, Northern elders, Catholics urge Nigerians 

    The Northern Elders Forum and Catholic Laity Council have urged Nigerians to consider the age and  physical capacity of presidential candidates for the 2023...

    Deborah Samuel is yet to get justice, despite killers showing face in video 

    It is now over four months since Ms Deborah was brutally murdered in Shehu Shagari College of Education Sokoto, Nigeria. Despite the fact that the...

    Google mistakenly sent man over $250,000

    Google mistakenly sent a man identified as Sam Curry, almost $250,000 without any detailed work for the company. Curry who is a staff member of...

    Lagos takes delivery of trains for red line rail system 

    The Lagos State government has taken delivery of new trains from Milwaukee, United States, for its red line rail project by the first quarter...

    Ayra Starr features Kelly Rowland on ‘Bloody Samaritan’ remix

    Fast-rising Nigerian artiste, Oyinkansola Aderibigbe, professionally known as Ayra Starr has featured American singer, Kelly Rowland on the remix of her hit single 'Bloody...

    never succumb to bullies, Lawmaker tells Tinubu’s supporters 

    Akin Alabi, the lawmaker representing Egbeda/Ona Ara Federal Constituency has called on the supporters of the All Progressives Congress, presidential candidate Bola Tinubu, to...

    Lagos Police arrest 3 drug peddler, recover 150 bottles of Skuchies 

    The Lagos State Police Command have arrested three suspected drug peddler with 150 bottles of Skuchies. Skuchies’ is a cocktail of drugs, including cannabis sativa, tramadol...