The Lagos Zonal Directorate of the Financial and Monetary Crimes Fee, EFCC, has secured the conviction and sentence of 1 Hammed Saka to a few months imprisonment for hawking new Naira notes.
He was jailed by Justice Ayokunle Faji of the Federal Excessive Courtroom sitting in Ikoyi, Lagos.
The cost reads: “That you just, Hammed Saka, on or in regards to the 14h day of December, 2024, at Villa Dome Occasion Centre, Okotie-Eboh Road, Ikoyi, in Lagos, inside the jurisdiction of this Honourable Courtroom, hawked the sum of N800,000.00 (Eight Hundred Thousand Naira) issued by the Central Financial institution of Nigeria and thereby dedicated an offence opposite to and punishable beneath Part 21(4) of the Central Financial institution of Nigeria Act, 2007.”
He pleaded responsible to the cost when it was learn to him.
In view of his plea, prosecution counsel, S.I. Suleiman, tendered the defendant’s confessional assertion in addition to the cash recovered from him, whereas additionally urging the court docket to convict him as charged.
Delivering judgment on March 19, 2025, Justice Faji convicted and sentenced Saka to a few months imprisonment, with a fantastic of N100,000.00.
The decide additionally ordered the sum of N800,000 recovered from the convict to be forfeited to the Federal Authorities of Nigeria.
The convict bagged his imprisonment when he was arrested for hawking new naira notes towards current legal guidelines. He was charged to court docket and convicted.
