A Federal High Court sitting in Ikoyi, Lagos State has sentenced a Chinese national whose name was given as Li Lei Lei, to 24 months imprisonment for allegedly tearing the Nigeria’s N1000 Naira Note into pieces.
Li Lei Lei was said to have been arrested by the operatives of the Economic and Financial Crimes Commission (EFCC), Lagos Zonal Command.
The Chinese national was arraigned before Justice I. Nicholas Oweibo, on a four-count charge bordering on tampering with the Nigerian Naira note, an offence contrary to and punishable under Section 21(1) of the Central Bank of Nigeria Establishment) Act.
Justice Oweibo on Tuesday found the accused guilty as charged and sentenced him to two years imprisonment.
The Central Bank of Nigeria (CBN) had on several occasions cautioned the public against abusing the Naira.
For instance, in May 2021, the Principal Manager, Currency Operations Department, Mrs. Dorothy Onyene, urged traders and other Nigerians to stop abusing the Naira.
Onyene condemned the way some Nigerians mutilate, fold, and deface the Naira, saying, “It is a punishable offence to abuse the Naira. Defaulters are liable to six months imprisonment and/or N50,000 fine.
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“Improper handling of the notes, including mutilation, hawking, squeezing and spraying money at events would not be tolerated.”
