Woman Bags Six Months Jail For Hawking Naira Notes

The Economic and Financial Crimes Crimes Commission, EFCC, says it has secured the conviction of a woman, Bilikis Adeyinka, for hawking naira notes in the Ikeja area of Lagos State.

The EFCC in a statement on its Facebook page on Thursday, May 30, revealed that the convict was arrested while hawking a sum of N897,900, an act which violates Section 21(4) of the Central Bank of Nigeria (Establishment) Act, 2007.

Following Adeyinka’s arrest, she was arraigned before Justice Chukwujekwu Aneke of a Federal High Court sitting in Ikoyi, Lagos State on one count bordering on currency racketeering, an offence she reportedly pleaded guilty to.

The statement reads:

“Following her guilty plea, prosecution counsel, C.C. Okezie, called on Olagunju Abdul Malik, an operative of the EFCC, to review the facts of the case.

“Abdulmalik told the court that the defendant was arrested on April 27, 2024, while hawking naira notes at 10 Degree Event Centre, Billings Way, Ikeja, Lagos, following credible intelligence received by the commission.

“According to him, the sum of N897,900 was recovered from her at the point of arrest. Upon her arrest by operatives, she was duly cautioned and she volunteered her statements.”

After the presentation of evidence, Justice Aneke was said to have sentenced the convict to six months imprisonment, with an option of a N50,000 fine.

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