Justice S.M. Shuaibu of the Federal Excessive Courtroom, Kano convicted and sentenced Abdullahi Musa Huseini, a make-up artist often called Amuscap, to 6 months imprisonment for Naira abuse.
Huseini pleaded responsible to at least one depend of mutilating the Naira at a social occasion, the place he sprayed ₦100,000 in 1000 Naira denominations in violation of Part 21(1) of the Central {Bank} Act, 2007.
Justice Shuaibu delivered the judgment with out an choice of a tremendous.
The convict was arrested following intelligence on his involvement in spraying Nigerian forex throughout his marriage ceremony celebration at Ali Jita Occasion Centre, Kano, on December 6, 2024.
Investigations confirmed that Huseini willfully defaced the Naira, disregarding warnings and campaigns towards such practices by the {Economic} and {Financial} Crimes Fee (EFCC).
Upon arraignment, Huseini’s responsible plea prompted prosecution counsel Zarami Mohammed to current the case’s details and tender proof.
The court docket discovered him responsible as charged, reflecting the seriousness of the offence and its implications for the integrity of Nigeria’s forex.
Naira abuse sentencing in Nigeria is ruled by Part 21(1) of the Central Bank of Nigeria (CBN) Act, 2007, which prohibits the spraying, mutilation, or defacing of the nationwide forex.
Offenders face penalties, together with imprisonment, as a part of efforts to protect the integrity of the Naira and discourage {economic} sabotage. The {Economic} and {Financial} Crimes Fee (EFCC) performs a key position in investigating and prosecuting such offences, supported by public consciousness campaigns to coach residents on the significance of respecting the forex.
The {Economic} and {Financial} Crimes Fee (EFCC) is Nigeria’s foremost anti-graft company, established in 2003 to fight {economic} and {financial} crimes equivalent to cash laundering, fraud, and corruption.
Working beneath the EFCC Institution Act, the fee investigates and prosecutes people and organisations concerned in {financial} misconduct.
Headquartered in Abuja, the EFCC additionally works to recuperate stolen belongings and forestall illicit {financial} actions by way of public consciousness campaigns.
Its core values embrace integrity, professionalism, and collaboration, reflecting its dedication to safeguarding Nigeria’s financial system.
NewsWatch.com.ng earlier reported that Nigerians have been glad to see VDM, Vincent Otse Martins decide up the case of the Okoya boys once more following a recent arrest made by the {Economic} and {Financial} Crimes Fee (EFCC).
The company had posted an arrest of two in Lagos over the problem of naira abuse on their official IG web page. Somebody beneath the remark requested why they hold making arrests for the abuse of naira whereas the Okoya boys nonetheless stroll free.
Supply: NewsWatch.com.ng
