Home News Finance Benin High Court Jails Resident for Spraying Naira Notes During Funeral in Police Barracks
FinanceNews

Benin High Court Jails Resident for Spraying Naira Notes During Funeral in Police Barracks

370

A Federal High Court in Benin City, Edo State, has convicted and jailed Osazee Kenneth Imagbenikaro for spraying Naira notes during a funeral. The Economic and Financial Crimes Commission (EFCC) announced the conviction on May 24 via an X post.

Justice C.A. Obiozor presided over the case and sentenced Imagbenikaro based on a two-count charge related to violating the Central Bank of Nigeria (Establishment) Act 2007. Imagbenikaro allegedly sprayed N100 notes on April 28, 2023, at Ogida Police Barracks, which is against Section 21(3) of the Act and punishable under Section 21(1).

Imagbenikaro pleaded guilty to the charges. The prosecution counsel, Francis Jirbo, requested the court to convict and sentence him, while the defence counsel sought leniency, stating that the defendant was remorseful. Justice Obiozor sentenced Imagbenikaro to six months in prison on each count or a fine of N100,000 per count and required him to undertake in writing to exhibit good behaviour henceforth.

The EFCC’s crackdown on the abuse of the Naira has seen other high-profile arrests, including socialite Cubana Chief Priest, who was granted an N10 million bail, and influencer Bobrisky, who was sentenced to six months in jail without the option of a fine for spraying naira notes.

Read more: Onyi Moss Wins Best Script at 2024 Cannes Film Festival TikTokShortFilm Contest

About The Author

Related Articles

Cote d’Ivoire economic
CultureFinanceOpinion

Côte d’Ivoire’s Economic Turnaround And Its Impact On West Africa

Cote d’Ivoire has undergone a remarkable economic resurgence following two civil wars...

Burkinabè Army
NewsSecurity

Burkinabè Army Kills Terrorist Leader Khalidou in Targeted Strike

The Burkinabè army has eliminated terrorist leader Khalidou in a precision airstrike,...

Natasha Petition Recall
News

Recall Petition Against Senator Natasha Fails to Meet Constitutional Requirement – INEC

The Independent National Electoral Commission (INEC) has announced that the petition seeking...

United States tariff on Nigerian exports
FinanceNewsWorld

Trump Imposes Tariffs on Nigeria, Other African Nations

The United States has imposed a 14 per cent tariff on Nigerian...