Three suspected persons were jailed by The Federal High Court, sitting in Ilorin Kwara State over the allegations of being involved in naira racketeering of the currency for gain.
in a pronouncement by Justice Evelyn Anyadike, sentenced one Amusa Wuraola, Owouni Abdullahi Isa, and Shiuaibu Rukayat, to various jail terms in regards to their actions.
Arranged by the Economic and Finacial Crimes Commission, the antigraft agency alleged that the convicts on February 17 ”did trade in naira notes issued by the Central Bank of Nigeria and thereby committed an offense contrary to Section 21 [4] of the Central Bank of Nigeria Act, 2007”.
Furthermore, found guilty and liable to punishment under Section 21 [1] of the same Act.
In the process of examining the facts of the case, Innocent Mbachie, the EFCC prosecutor said Naira notes were recovered from these different individuals.
Pronounce by Justices Anyadike the defendant is guilty and sentenced to various jail terms.
Furthermore, the judge ordered the EFCC to destroy the POS Machine recovered from her.
However, a six-month imprisonment was placed on Isa with an option of a fine of N50,000 while the sum of N150,000 recovered from him was forfeited to the Federal Government.
The Judge also pronounced six-month imprisonment to the second offender Rukayat with an option of a fine of N50,000 while the sum of N200,000 round with him be forfeited to the Federal Government.
Since the rejig of the economy through different policies by the Central Bank, the Federal Government is now committed to bringing down illegal currency agents in a quest to arrest the free fall of the naira.
In a Kano court last week, two racketeers were convicted, while PortHarcourt jailed another 16 illegal operators.
On Monday not less than 19BDC operators were arraigned by the Lagos State Police Command at the Federal High Court Ikeja which was withdrawn by the Command at the last hour.
