• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Anti-Corruption EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos
  • Anti-Corruption

EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

By
Prnigeria
-
April 5, 2025
PRNigeria logo fearured image

EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

The Economic and Financial Crimes Commission (EFCC) has arraigned Folake Adeoti, an ex-convict, and another person, Modupe Adewuyi, for Naira abuse in Lagos.

 

Adeoti was arrested on March 21, 2025, at Jobi Fele Way, Ikeja, Lagos, for hawking Naira notes worth N3,850,000.

 

The charge reads: “That you, Folake Adeoti, on the 21st day of March, 2025, opposite Regency Hall, Jobi Felé,Way, Ikeja, in Lagos within the jurisdiction of this Honourable Court, hawked the sum of N3,850,000.00 (Three Million, Eight Hundred and Fifty Thousand Naira) issued by the Central Bank of Nigeria and thereby committed an offence contrary to and punishable under Section 21(4)) of the Central Bank of Nigeria Act, 2007.”

 

She pleaded guilty to the charge when it was read to her.

 

Following her guilty plea,  prosecution counsel, Z.B Atiku, called on Usman Adamu to review the facts of the case.

 

Atiku  tendered  the defendant’s confessional statement as well as the money recovered from her. The court admitted the documents and marked them as exhibits.

 

While urging the court to convict her as charged, the counsel informed the court that Adeoti “is an ex-convict, who was tried before Justice Ibrahim Kala on Naira abuse charges.”

 

Justice Bogoro adjourned the matter till May 2, 2025 for ruling and also ordered the remand of the suspect at a Correctional Centre.

 

In a related development, the Lagos Zonal Directorate 1 of the EFCC also arraigned one Modupe Adewuyi on a one-count charge bordering on illegal sale of Naira notes before Justice Bogoro.

 

Read Also:

  • Army HQs Redeploys GOC 2 Division to Kwara to Boost Security
  • NAF Scrambles Fighter Jets After Deadly Terror Attack on Vigilantes in Kwara State
  • Army Signals Commander Assesses Communication Infrastructure for Operation HADIN KAI

Adewuyi was apprehended in Lagos on March 21, 2025 along Jobi Fele way, while hawking Naira notes to the tune of N1,600,000( One Million, Six Hundred Thousand Naira only)

 

The charge reads: “That you, Modupe Adewuyi, on the 21st day of March, 2025 at Jobi Fele Street, opposite Regency Event Center, Alausa Ikeja, in Lagos, within the  jurisdiction of this Honourable Court, engaged in hawking the total sum of  N1,600,000 (One Million, Six Hundred Thousand Naira) of N500 and N1000 denominations issued by the Central Bank of Nigeria and thereby committed an offence contrary to Section 21(4) and punishable under Section 21(1) of the Central Bank of Nigeria (Establishment) Act, 2007”.

 

The defendant pleaded guilty to the charge when it was read to her.

 

In view of her plea,  prosecution counsel, Z.B. Atiku called on Adamu Usman, an operative of the EFCC, to review the facts of the case.

 

Usman, while giving details of how he knew the defendant, told the court that the Commission, on March 21, 2025, received an intelligence  from an open source on the illegal sale of Naira notes in the Ikeja area of Lagos.

 

He further told the court that “Upon receipt of the intelligence, a team of operatives carried out an operation, where Modupe Adewunmi was arrested at Jobi Fele street, opposite Regency Hall, Ikeja.

 

“She had two POS machines and was arrested with the sum of N1.6m.  She was brought to the office and her statement was taken under caution.  She confirmed that she was involved in the sales of mint Naira notes.”

 

Atiku tendered the defendant’s statement and the money recovered from her. She, therefore, urged the court to convict and order the forfeiture of the money to the Federal Government of Nigeria.

 

Justice Bogoro adjourned the matter till May 2, 2025 for ruling and ordered that she be remanded at a Correctional Centre.

By PRNigeria

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Folake Adeoti
  • Modupe Adewuyi
  • Naira abuse
Previous articleBayo Ojulari Assumes Duty as NNPCL CEO, Promises New Era
Next articleKidnappers, Their Collaborators Will Face Justice — NSA Ribadu
Prnigeria
Prnigeria
Xing

RELATED ARTICLESMORE FROM AUTHOR

NAHCON

Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu Administration

Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

FG Reaffirms Non-Interference in ICPC, EFCC Operations

ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

Engr Abba Babagana Dalori

Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

Chinese nationals jailed in Lagos

Court Jails Nine Chinese Nationals for Cybercrime in Lagos

ASUU

Tackle Corruption, Institutional Decay – ASUU Charges FG

EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences Kano Make-Up Artist for Naira Abuse

EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

EFCC, CCC and the Battle Against Corruption in Nigeria, By Mukhtar Ya’u Madobi

Ola Olukoyede, EFCC Chairman

EFCC’s Anti-Corruption War: Between Media Trial and Intelligence-Driven Operations

Olayiwola Oguntade

Court Sentences Ex JAMB Staff for N10m Fraud in Ibadan

Diezani-Alison-Madueke

Nigeria, US sign MoU to repatriate $53m linked to former oil minister, Diezani

Recent Posts

  • Army HQs Redeploys GOC 2 Division to Kwara to Boost Security
  • NAF Scrambles Fighter Jets After Deadly Terror Attack on Vigilantes in Kwara State
  • Army Signals Commander Assesses Communication Infrastructure for Operation HADIN KAI
  • Police, Army Raids Bandit Hideouts, Arrest 6 Suspects in Benue
  • NDLEA Nabs 2 Drug Kingpins in Lagos, Intercepts Bandits’ Drug Supply in Northeast
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Army HQs Redeploys GOC 2 Division to Kwara to Boost SecurityNAF Scrambles Fighter Jets After Deadly Terror Attack on Vigilantes in Kwara StateArmy Signals Commander Assesses Communication Infrastructure for Operation HADIN KAIPolice, Army Raids Bandit Hideouts, Arrest 6 Suspects in BenueNDLEA Nabs 2 Drug Kingpins in Lagos, Intercepts Bandits' Drug Supply in NortheastPolice Rescue Trafficked Ghanaian National, Arrest Five SuspectsCustoms Pledges Stronger CSR, Assures Support for Sister AgenciesCustoms Launches One-Stop-Shop, Targets 48-Hour Cargo ClearancePHOTOS: IMPR Unveils Hostel for Young Communicators, Graduates Ten PRNigeria Fellows in Kano20 Startups Vie for N5m Grants in Africa’s Leading Islamic Finance Pitch ChallengeTroops Rescue Abducted Passengers in Kogi, Sustain Offensive in BenueEjigbo C-130H Crash: 25 Years of Grief and Resilience By Queen Amina MohammadHow Customs Turned Communication into a WeaponSenegalese Ambassador Visits Baze University, Explores Educational CollaborationPolice Arrest 2 Suspected Bandit Collaborators with Fuel in Katsina
X whatsapp