Nigeria Court jails Chinese man two years over Naira Mutilation 

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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.”

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Queen Ferry
Queen Ferry
Chinyere Treasure Ikechukwu also known as Queen Ferry, is a Nigerian business Executive, social media savvy Journalist and Content Editor with over seven years experience. She serves as the Vice-Chairman of Naijatraffic Limited. If Treasure is not researching/blogging, she will be making delicious delicacy.

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