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Speaker 1: Federal High Court sitting in Lagos State has sentenced to

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businessmen Hanyegor Godswill Abya Julu to five years imprisonment for

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refusing to accept Nira currency as a legal tender in

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exchange for the sales of diamond bracelet, demanding the company

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customers to pay in dollars, and the court in its

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running on Thursday, ordered the diamond bracelet worth over ten

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thousand dollars to be forfeited to the federal government. This

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on the same vein another federal High court in Akoi

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had on Tuesday sentenced to diamond businessmen uzon Du Precious

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Chimrob to four years imprisonment for also refusing to accept

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Nira as means of payment from his customers, and the

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court in Akoi also ordered the Cartier diamond rispotch worth

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over five thousand, seven hundred dollars to be forfeited to

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the federal government. Details of the news reports as presented

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by the Public Relations Unit of the Economic and Financial

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Crimes Commission EFCC reads verbatim below. Lagos Court jail’s businessman

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company for refusal to accept Nira as legal tender. Justice

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Acintaio Aluko of the Federal High Court sitting in Akoi, Lagos,

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on Thursday, April seventeenth, twenty twenty five, convicted and sentenced

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to businessmen Aneagor Godswill Abbia Julu and his company ice

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By CW to five years imprisonment for their refusal to

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accept the nira as a legal tender. Obia Julu alongside

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ice By CW, was arraigned on Thursday on a two

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count charge bordering on refusal to accept the naira as

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a legal tender. Count one reads that you ice By

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c W and Aniagor Godswill Abbia Julu, on the tenth

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day of December twenty twenty four in Lagos, within the

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jurisdiction of this Honorable Court, refused to accept Nira, Nigeria’s

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legal tender by accepting the sum of ten thousand dollars

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ten thousand US dollars as a means of payment for

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the purchase of one diamond clover bracelet. And you thereby

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committed an offense contrary to unpunishable under Section twenty one

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of the Central Bank of Nigeria Act two thousand and seven.

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Count two reads that you I sed By c W

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and Aneagor God’s Will lobby a Djulu on the tenth

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day of December twenty twenty four, in Lagos, within the

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jurisdiction of this Honorable Court, directly retained the total sum

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of ten thousand dollars ten thousand U S dollars which

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some you reasonably ought to have known, forms part of

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the proceeds of your unlawful activity to wit pricing and

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accepting USD as a means of payment for goods and services,

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and you thereby committed an offense contrary to Section eighteen

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two the of the Money Laundering Prevention and Prohibition Act

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twenty twenty two and punishable under section eighteen three of

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the same Act. He pleaded guilty to the charges when

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they were read to him. In view of his plea

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Prosecution Council C c x Okaz tendered in evidence the

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payment receipt of the bracelet dated December tenth, twenty twenty four,

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the defendant statement dated December twenty seventh, twenty twenty four,

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and the diamond bracelet. Kesey also urged the court to

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convict the defendant as charged. Delivering judgment, Justice Aluko found

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the first and second defendants guilty and sentenced to six

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months imprisonment each with an option of fine in the

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sum of fifty thousand narras fifty thousand nirah. On count one,

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the judge sentence the second defendant to four years imprisonment

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with an option of fine in the sum of one

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million narers one million nirah. On count two, Also, the

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judge pronounced a fine of one thousand narers zero zero,

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zero point zero one million nirah on the first defendant.

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On count two, the diamond clover bracelet was ordered forfeited

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to the Federal Government of Nigeria. The two convicts bagged

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their imprisonment for price see and accepting United States dollars

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as a means of payment for goods and services contrary

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to the Money Laundering Act. Court jails manned four years

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for refusal to accept nira as legal tender. Justice Alexander

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Owowai of the Federal High Court, sitting in Akoi, Lagos,

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on Tuesday April fifteenth, twenty twenty five, convicted and sentenced

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one Muzondhu Precious Chimrobi to four years imprisonment for his

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refusal to accept the naira as a legal tender. Chimrobi

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was arraigned by the Lagos Sonal Directorate one of the

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Economic and Financial Crimes Commission e FCC, Awoloo Road, Akoi, Lagos,

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on February fifth, twenty twenty five, on a two count

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charge bordering on refusal to accept the naira as a

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legal tender. One of the count’s reads that you Precious

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Chimerobi Uzondhu on the tenth of December twenty twenty four,

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in Lagos, within the jurisdiction of this Honorable Court, refused

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to accept Nira Nigeria legal tender by accepting the sum

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of five thousand, seven hundred dollars five thousand, seven hundred

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USD as a means of payment for a purchase of

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a Cartier diamond braceleved with serial number twelve million, three

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hundred and forty five thousand, six hundred and seventy eight

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anew thereby committed an offense contrary to Section twenty of

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the Central Bank of Nigeria Act two thousand seven. He

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initially pleaded not guilty to the charge, leading to his

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full trial. Subsequently, the prosecution presented its first witness, P

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w one O larb Eireku Adjude, an operative of the

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e FCC, led in evidence by the Prosecution Council, Hukofarnesa

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Jude told the court that the Commission received intelligence on

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the activities of a jewelry company called Unlimited Duellers Limited,

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whose owner is one Huson du Precious Gimobi. The company,

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which deals in jewelry at Atlantic Mall, Chevron Drive Lecky Legos,

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intentionally tags and sells its products in dollars, as against

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the CBN Act two thousand and seven which stipulates NYRA

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as the only legal tender in Nigeria. Continuing, he added

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that subsequently, a covet operation was carried out where an

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undercover operative of the Commission disguised as a customer to

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purchase a diamond nail bracelet that was tagged six thousand

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dollars and bought it for five thousand, seven hundred dollars.

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The company refused to receive NYRA and demanded dollars as

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a means of payment. The payment was made in receipt

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was issued in dollars. The owner of the company was

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arrested and taken to the Commission’s office. However, at the

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resume sitting on April fourteenth, twenty twenty five, the defendant

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opted to change his not guilty plea too guilty. Consequent

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upon his guilty plea, Cofareser prayed the court to rely

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on the evidence earlier given by the investigating officer and

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admit the same in convicting the defendant. Cofaresa thereafter tended

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the defendant’s statement and other evidence to further prove his

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guilt and they were admitted by the court. Justice Olowai

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then adjourned till Tuesday, April fifteenth, twenty twenty five for ruling.

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Delivering judgment. They found the defendant guilty and gave him

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an option of fine of fifty thousand niras fifty thousand nairah.

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On count one, the judge sentenced him to four years

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imprisonment with an option of fine in the sum of

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six hundred thousand niras. On count two, his Cartier diamond

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wristwatch was all did forfeited to the Federal Government of Nigeria.

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The convict bagged his imprisonment when he refused to accept

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nira by accepting the sum of five thousand, seven hundred

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dollars five thousand, seven hundred u s d as a

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means of payment for a purchase of a Cartier diamond

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bracelet He was charged to court and convicted. Poscast walk

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on day Break in You Bring Knees in a mortgagees

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out Where