Metro
Court Sentences Two Women for Hawking Naira Notes in Lagos
- The duo were sent to one year in prison each for illegally hawking Naira notes in violation of the Central Bank of Nigeria Act.
- Both women faced separate one-count.
- Both defendants pleaded guilty to the charges.
On Friday, Justice Yellin Bogoro of the Federal High Court in Ikoyi, Lagos, sentenced Folake Adeoti and Modupe Adewuyi to one year in prison each for illegally hawking Naira notes in violation of the Central Bank of Nigeria Act.
Both women faced separate one-count charges brought forth by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC).
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Adeoti, a repeat offender previously convicted for the same offense by Justice Ibrahim Kala, was apprehended on March 21, 2025, in Ikeja, Lagos, while hawking N3,850,000 in currency issued by the CBN.
Her charge read, “That you, Folake Adeoti, on the 21st day of March, 2025, opposite Regency Hall, Jobi Felé,Way, Ikeja, in Lagos within the jurisdiction of this Honourable Court, hawked the sum of N3,850,000.00 (Three Million, Eight Hundred and Fifty Thousand Naira) 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 Act, 2007.”
Similarly, Adewuyi was caught on the same day at Jobi Fele Street, opposite Regency Event Center, Alausa Ikeja.
He charge read, “That you, Modupe Adewuyi, on the 21st day of March, 2025, at Jobi Fele Street, opposite Regency Event Center, Alausa Ikeja, in Lagos, within the jurisdiction of this Honourable Court, engaged in hawking the total sum of N1,600,000 (One Million, Six Hundred Thousand Naira) of N500 and N1000 denominations, issued by the Central Bank of Nigeria and thereby committed an offence contrary to section 21(4) and punishable under Section 21(1) of the Central Bank of Nigeria (Establishment) Act, 2007.”
Both defendants pleaded guilty to the charges.
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