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Showing posts with label Naira Abuse. Show all posts
Showing posts with label Naira Abuse. Show all posts

EFCC Arrests Three for Suspected Naira Mutilation in Benin

EFCC Arrests Three for Suspected Naira Mutilation in Benin


Operatives of the Benin Zonal Command of the Economic and Financial Crimes Commission,EFCC, have arrested three persons for suspected naira mutilation and abuse.


The suspects were arrested following credible intelligence on their suspected involvement in Naira abuse. 

 

The suspects are: Stanley Ogbolu, 35, Odiaka Sorwu 42, and Kelvin Anyakwu, 42

 

They were arrested in Asaba, Delta State at a burial ceremony allegedly spraying naira notes on a celebrant.


The suspects will be charged to court as soon as investigations are concluded.





 


Source: EFCC 


Operatives of the Benin Zonal Command of the Economic and Financial Crimes Commission,EFCC, have arrested three persons for suspected naira mutilation and abuse.


The suspects were arrested following credible intelligence on their suspected involvement in Naira abuse. 

 

The suspects are: Stanley Ogbolu, 35, Odiaka Sorwu 42, and Kelvin Anyakwu, 42

 

They were arrested in Asaba, Delta State at a burial ceremony allegedly spraying naira notes on a celebrant.


The suspects will be charged to court as soon as investigations are concluded.





 


Source: EFCC 

Naira Abuse: Court Adjourns Cubana’s Trial till June 5

Naira Abuse: Court Adjourns Cubana’s Trial till June 5


Justice  Kehinde Ogundare of the Federal High Court sitting in Ikoyi, Lagos, on Thursday,  May 2,  2024 adjourned further hearing in the trial of   Pascal Okechukwu, a.k.a. Cubana Chief till June 5,  2024.

Okejukwu was arraigned on Wednesday, April 17, 2024 by the EFCC on a three-count charge bordering on abuse of the Naira.


One of the counts reads: That you, Okechukwu Pascal, on 13th February, 2024, at Eko Hotel Hotel, Victoria Island, Lagos, within the jurisdiction of this Honourable Court, while dancing during a social event, tampered with funds in the denomination of N500(Five Hundred Naira) issued by the Central Bank of Nigeria by spraying, thereby committed an offence contrary to and punishable under Section 21(1) of the Central Bank Act, 2007.”


Another count reads: “That you, Okechukwu Pascal, sometime in 2020, in Lagos, within the jurisdiction of this Honorable Court, during a social event tampered with funds in the denomination of N500 (Five Hundred Naira) issued by the Central Bank of Nigeria by spraying same for two hours and you thereby committed an offence contrary to and punishable under Section Section 21(1) of the Central Bank Act, 2007.”


At the resumed sitting of the court on Thursday, , Okechukwu  through his lawyer, Chikaosolu Ojukwu, SAN, told the court about a plan of his client to enter a plea bargain with the EFCC.


Ojukwu also sought to withdraw his  earlier preliminary objection filed on April 24, 2024, challenging the jurisdiction of the court to entertain the charge. "In the interest of justice, we are urging the court to strike out the motion because the prosecution has not responded to it,” he said.


The prosecution counsel did not oppose the withdraw of the application.


Consequently, Justice Ogundare struck out the application, having been withdrawn by the defence, and also  adjourned the case till June 5, 2024.


Source: EFCC 


Justice  Kehinde Ogundare of the Federal High Court sitting in Ikoyi, Lagos, on Thursday,  May 2,  2024 adjourned further hearing in the trial of   Pascal Okechukwu, a.k.a. Cubana Chief till June 5,  2024.

Okejukwu was arraigned on Wednesday, April 17, 2024 by the EFCC on a three-count charge bordering on abuse of the Naira.


One of the counts reads: That you, Okechukwu Pascal, on 13th February, 2024, at Eko Hotel Hotel, Victoria Island, Lagos, within the jurisdiction of this Honourable Court, while dancing during a social event, tampered with funds in the denomination of N500(Five Hundred Naira) issued by the Central Bank of Nigeria by spraying, thereby committed an offence contrary to and punishable under Section 21(1) of the Central Bank Act, 2007.”


Another count reads: “That you, Okechukwu Pascal, sometime in 2020, in Lagos, within the jurisdiction of this Honorable Court, during a social event tampered with funds in the denomination of N500 (Five Hundred Naira) issued by the Central Bank of Nigeria by spraying same for two hours and you thereby committed an offence contrary to and punishable under Section Section 21(1) of the Central Bank Act, 2007.”


At the resumed sitting of the court on Thursday, , Okechukwu  through his lawyer, Chikaosolu Ojukwu, SAN, told the court about a plan of his client to enter a plea bargain with the EFCC.


Ojukwu also sought to withdraw his  earlier preliminary objection filed on April 24, 2024, challenging the jurisdiction of the court to entertain the charge. "In the interest of justice, we are urging the court to strike out the motion because the prosecution has not responded to it,” he said.


The prosecution counsel did not oppose the withdraw of the application.


Consequently, Justice Ogundare struck out the application, having been withdrawn by the defence, and also  adjourned the case till June 5, 2024.


Source: EFCC 

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