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A 24-year-old palm kernel dealer, Iziga Jude Ikechukwu, popularly known as 'Easy-Money', has been sentenced to one year in prison by the Federal High Court in Enugu for mutilating Naira notes. The sentence comes with an alternative fine of N300,000.
A Federal High Court in Asaba has sentenced Agbanashi Young to six months in prison for the misuse of Naira notes during a cultural celebration. He was convicted for spraying and trampling on Naira, violating the Central Bank of Nigeria Act.
The Economic and Financial Crimes Commission (EFCC) has apprehended Iziga Jude Ikechukwu, a 24-year-old palm kernel dealer, for allegedly misusing Naira notes during his birthday celebration. The arrest was prompted by a viral video that showcased the suspect's actions.
Saadatu Mohammed Inuwa, known as Samha, has been sentenced to six months in prison for abusing and mutilating Nigerian currency. She admitted guilt when the charge was presented.
The Central Bank of Nigeria has categorized money bouquets as an abuse of the naira, urging citizens to protect the currency. As Valentine's Day approaches, the CBN has reminded the public of the legal ramifications of such practices.
