Abuja Court Sentences Man to Six Months for Illegal Sale of Naira Notes
A Federal High Court in Abuja has sentenced Faisal Muhammad to six months in prison for illegally selling Naira notes in violation of the Central Bank of Nigeria (CBN) Act. Muhammad was arrested in July 2025 at Abuja’s A.Y.A. area while hawking a total of N3,150,000 in N500 and N1,000 denominations. Pleading guilty to the offence, he was sentenced by Justice R. N. Ofili-Ajumogobia, who confirmed the prosecution had established its case. The court also offered an option of a N200,000 fine. The EFCC reiterated that illegal trading in Naira notes is a criminal offence that undermines the integrity of Nigeria’s currency.
#EFCC
#IllegalNairaTrade
#AbujaCourt
A Federal High Court in Abuja has sentenced Faisal Muhammad to six months in prison for illegally selling Naira notes in violation of the Central Bank of Nigeria (CBN) Act. Muhammad was arrested in July 2025 at Abuja’s A.Y.A. area while hawking a total of N3,150,000 in N500 and N1,000 denominations. Pleading guilty to the offence, he was sentenced by Justice R. N. Ofili-Ajumogobia, who confirmed the prosecution had established its case. The court also offered an option of a N200,000 fine. The EFCC reiterated that illegal trading in Naira notes is a criminal offence that undermines the integrity of Nigeria’s currency.
#EFCC
#IllegalNairaTrade
#AbujaCourt
Abuja Court Sentences Man to Six Months for Illegal Sale of Naira Notes
A Federal High Court in Abuja has sentenced Faisal Muhammad to six months in prison for illegally selling Naira notes in violation of the Central Bank of Nigeria (CBN) Act. Muhammad was arrested in July 2025 at Abuja’s A.Y.A. area while hawking a total of N3,150,000 in N500 and N1,000 denominations. Pleading guilty to the offence, he was sentenced by Justice R. N. Ofili-Ajumogobia, who confirmed the prosecution had established its case. The court also offered an option of a N200,000 fine. The EFCC reiterated that illegal trading in Naira notes is a criminal offence that undermines the integrity of Nigeria’s currency.
#EFCC
#IllegalNairaTrade
#AbujaCourt
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