0 Shares 136 Views

Court Sentences Woman to Six Months for Currency Racketeering in Lagos

gisthub May 30, 2024
0 137

Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, May 29, 2024, convicted and sentenced one Adeyinka Bilikis Gbadamosi to six months imprisonment for currency racketeering.

Gbadamosi was arraigned by the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on a one-count charge bordering on currency Racketeering.

The count reads: “That you, Adeyinka Bilikis Gbadamosi, on the 27th of April, 2024 in Lagos, within the jurisdiction of this Honorable Court, engaged in hawking the total sum of N897,900 (Eight Hundred and Ninety Seven Thousand, Nine Hundred Naira) in N200 Naira note denomination, with serial numbers 688101 and N500 Naira note denomination, with serial numbers 315501 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 (Establishment) Act, 2007.”

She pleaded “guilty” to the charge when it was read to her.

Following her guilty plea, prosecution counsel, C.C. Okezie called on Olagunju Abdul Malik, an operative of the EFCC, to review the facts of the case .

Abdulmalik told the court that the defendant was arrested on April 27, 2024 while hawking Naira notes at 10 Degree Event Centre, Billings Way, Ikeja, Lagos, following credible intelligence received by the Commission.

According to him, the sum of N897,900 was recovered from her at the point of arrest.

“Upon her arrest by operatives, she was duly cautioned and she volunteered her statements. In her statement, she confessed she was into currency racketeering and hawking of Naira notes,” he said.

Okezie, thereafter, sought to tender, in evidence, the defendant’s extrajudicial statements and the money recovered from her.

Justice Aneke admitted and marked them as exhibits and convicted the defendant.

Counsel to the convict A.A. Olawipo, prayed the court for a non-custodial sentence or option of fine .

Justice Aneke sentenced the convict to six months imprisonment, with an option of fine of N50,000 (Fifty Thousand Naira) only.

The Judge also ordered that the N897,900 recovered from her be forfeited to the Federal Government of Nigeria.

You may be interested

Olmo And Victor Given Green Light To Finish Season With Barcelona
Sport
0 shares9 views

Olmo And Victor Given Green Light To Finish Season With Barcelona

gisthub - Apr 03, 2025

Spain’s sports council announced on Thursday that Dani Olmo and Pau Victor will be allowed to play for Barcelona until the end of…

EPL: Arsenal’s Gabriel’s Season Ended Due To Hamstring Injury
Sport
0 shares9 views

EPL: Arsenal’s Gabriel’s Season Ended Due To Hamstring Injury

gisthub - Apr 03, 2025

Arsenal have been dealt a significant blow ahead of their Champions League clash against Real Madrid, with Gabriel ruled out for the rest…

UEFA President Criticizes FIFA’s 64-Team World Cup As ‘Bad Idea
Sport
0 shares11 views

UEFA President Criticizes FIFA’s 64-Team World Cup As ‘Bad Idea

gisthub - Apr 03, 2025

UEFA president Aleksander Ceferin stated on Thursday that expanding the World Cup to 64 teams for the 2030 tournament would be “a bad…

Leave a Comment

Your email address will not be published.

Most from this category