Justice Evelyn Anyadike of the Federal Excessive Court docket in Ilorin has convicted and sentenced three forex racketeers to varied jail phrases for promoting new naira notes to the general public for industrial functions.
An announcement by the spokesman of the anti-graft company, Dele Oyewale, recognized the convicts as Asmau Sallah Wuraola, Owoduni Abdullahi Isa (a.ok.a Bolaji), and Shuaibu Rukayat.
They had been jailed on Monday after pleading responsible to one-count separate expenses upon being arraigned by the Ilorin Zonal Command of the Financial and Monetary Crimes Fee, EFCC.
The cost in opposition to Wuraola reads: “That you just, ASMAU SALAH WURAOLA, on the seventeenth day of February, 2024, at Arca Santa Occasion Heart in Ilorin, Kwara State, inside the jurisdiction of the Federal Excessive Court docket, did commerce in Naira Notes issued by the Central Financial institution of Nigeria and thereby dedicated an offense opposite to Part 21 (4) of the Central Financial institution of Nigeria Act, 2007 and punishable underneath Part 21 (1) of the identical Act.”
The defendants pleaded responsible to their respective expenses after they had been learn to them.
Following the pleas of the defendants, prosecuting counsel, Harmless Mbachie, reviewed the information of the instances and tendered as proof new naira notes recovered from them on the level of arrest. They had been all admitted in proof.
He additional prayed the court docket to convict and sentence them accordingly.
Delivering judgment, Justice Anyadike pronounced the defendants responsible and sentenced them to varied jail phrases.
She sentenced Wuraola to 2 months’ imprisonment with an choice of a superb of N50,000.
The court docket additionally ordered that the sum of N1,020,000 recovered from the convict be forfeited to the Federal Authorities whereas the POS machine recovered on the level of arrest be destroyed by the EFCC.
Isa, on his half, was sentenced to 6 months’ imprisonment with an choice of a superb of N50,000, whereas the sum of N150,000 recovered from him is to be forfeited to the federal authorities.
The decide additionally sentenced Rukayat to 6 months’ imprisonment with an choice of a N50,000 superb whereas the sum of N200,000 recovered from him is to be forfeited to the federal authorities.
