Trend News
NCC Banner

Court jails currency racketeer in Enugu 

The Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC has secured the conviction and sentence of one Onuigbo Chibuzor before Justice Mohammed Garba Umar of the Federal High Court sitting in Enugu on a one-count charge bordering on currency racketeering.

The lone count charge reads: “That you, Onuigbo Chibuzor on the 8th of June, 2024 at Enugu, Enugu State, within the jurisdiction of the Federal High Court of Nigeria, hawked the total sum of Forty Thousand Naira (N40, 000. 00) mints in Two Hundred Naira (200) denominations, issued by the Central Bank of Nigeria and thereby committed an offence contrary to Section 21 (4) of the Central Bank of Nigeria Act, 2007 and punishable under Section 21 (1) of the same Act”.

He pleaded guilty to the charge. In view of his plea, EFCC Counsel, Ajobiewe Rotimi Enitan, reviewed the facts of the case and tendered the confessional statements of the defendant and the said sum which were admitted in evidence.

In a plea of allocutus, defence counsel, I. Davidson prayed the court to temper justice with mercy, adding that “he is a first-time offender and he is a family man with three kids”.

Delivering judgment, Justice Umar convicted and sentenced Chibuzor to three months imprisonment with an option of fine of N200, 000. 00 (Two Hundred thousand naira). The court further ordered that the N40,000 be returned to the Treasury Single Account of the Federal Government.

Chibuzor’s journey to the Correctional Centre began when was arrested around Otigba, in New Heaven, Enugu State for selling N40,000 new Naira notes for N60,000.

Related posts

EFCC Carry out Midnight Raid In Usmanu Danfodiyo University Sokoto, Arrests Several Students

Jerry Abakpa

$220m fine: FCCPC reacts to news regarding WhatsApp exiting Nigeria

Jerry Abakpa

Deadly ‘Hurricane Helene’ rabages Florida, Georgia in USAP

Jerry Abakpa

UK: Joshua Oladele, two others sentenced to life imprisonment for murder

Trend News

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More