Justice M. A. Oyetenu of the Federal High Court sitting in Uyo, Akwa Ibom State, has convicted one Etiusen Stephen for spraying naira notes.
The convict was arraigned on a two-count charge bordering on naira absse by the Economic and Financial Crimes Commission, EFCC, on the 19th of July, 2024.
One of the charges reads, “That you, Etiusen Stephen Udo, on or about 27th June 2024, in Uyo, Akwa Ibom State, within the jurisdiction of this honourable court, did sell forty thousand naira notes (N40,000.00) only to one Edidiong Usoro and thereby committed an offence contrary to Section 21 (4) of the Central Bank of Nigeria Act 2007 and punishable under Section 21 (1) of the same Act.”
The defendant pleaded “guilty” to both counts, when the charges were read.
Justice Onyetenu thereafter, convicted him and ordered that the N40,000 recovered from him, be forfeited to the Federal Government of Nigeria.
