Court Sentences Man To 3-Month Jail Term For Hawking Naira In Lagos The Lagos Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has obtained the conviction of one Hammed Saka, who was sentenced to three months in prison for hawking new Naira notes.
Justice Ayokunle Faji of the Federal High Court sitting in Ikoyi, sentenced Saka to jail after he pleaded guilty to the charge when it was read to him.
The EFCC in a statement on Friday reported the convict was given an option of little in lieu of confinement.
The charge read, “That you, Hammed Saka, on or about the 14h day of December, 2024, at Villa Dome Event Centre, Okotie-Eboh Street, Ikoyi, in Lagos, within the jurisdiction of this Honourable Court, hawked the quantum of N800,000.00 (Eight Hundred Thousand Naira) issued by the Central Bank of Nigeria and thereby committed an offence contrary to and punishable under Section 21(4) of the Central Bank of Nigeria Act, 2007.”
Following his guilty plea, the prosecution reprove, S.I. Suleiman tendered the defendant’s confessional statement and the money recovered from him while further advicing the court to convict him as billed.
Delivering judgment on March 19, 2025, Justice Faji convicted and sentenced Saka to three months captivity with a small of N100,000.00.
The judge furthermore ordered the N800,000 recovered from the convict to be forfeited to the Federal Government of Nigeria.
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Tag: Court Sentences Man To 3Month Jail Term For Hawking Naira In Lagos
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Published 3/21/2025