Lagos Court Jails Man Three Months for Hawking New Naira Notes
The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentence of one Hammed Saka to three months imprisonment for hawking new Naira notes. He was jailed by Justice Ayokunle Faji of the Federal High Court sitting in Ikoyi, Lagos.
The charge reads: “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 Honorable Court, hawked the sum of N800,000.00 (Eight Hundred Thousand Naira) issued by the Central Bank of Nigeria and thereby committed an offense contrary to and punishable under Section 21(4) of the Central Bank of Nigeria Act, 2007.”
He pleaded guilty to the charge when it was read to him.
In view of his plea, prosecution counsel Suleiman Suleiman tendered the defendant’s confessional statement and the money recovered from him while also urging the court to convict him as charged.
Delivering judgment. Justice Faji convicted and sentenced Saka to three months imprisonment, with a fine of N100,000.00.
The judge also ordered that the sum of N800,000 recovered from the convict to be forfeited to the Federal Government of Nigeria.
The convict bagged his imprisonment when he was arrested for hawking new Naira notes against existing law. He was charged to court and convicted.
