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Woman jailed for selling naira notes in Lagos

Justice Chukwujekwu Aneke of the Federal High Court in Ikoyi, Lagos, has sentenced Adeyinka Bilikis Gbadamosi to six months imprisonment for currency racketeering.

Gbadamosi was charged by the Economic and Financial Crimes Commission (EFCC), Lagos Zonal Command, with one count of currency racketeering. The charge stated that on April 27, 2024, in Lagos, Gbadamosi was caught hawking N897,900.00 in various denominations issued by the Central Bank of Nigeria, which is an offense under Section 21(4) of the Central Bank of Nigeria (Establishment) Act, 2007.

Gbadamosi pleaded guilty to the charge.

Prosecution counsel C.C. Okezie called EFCC operative Olagunju Abdul Malik to review the case facts. Malik testified that Gbadamosi was arrested on April 27, 2024, at 10 Degree Event Centre, Billings Way, Ikeja, Lagos, with N897,900.00 in her possession. Gbadamosi admitted to currency racketeering in her statements to the EFCC.

Following her guilty plea, the prosecution tendered her extrajudicial statements and the recovered money as evidence, which the court admitted.

Counsel to the convict, A.A. Olawipo, requested a non-custodial sentence or a fine. Justice Aneke sentenced Gbadamosi to six months imprisonment with an option of a N50,000.00 fine and ordered the forfeiture of the recovered N897,900.00 to the Federal Government of Nigeria.

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