A woman named Adeyinka Bilikis Gbadamosi has been sentenced to six months in prison for currency racketeering by Justice Chukwujekwu Aneke of the Federal High Court in Ikoyi, Lagos.
She was convicted on a one-count charge of currency racketeering by the Economic and Financial Crimes Commission (EFCC).
Gbadamosi was found guilty of engaging in hawking the total sum of ₦897,900 in Naira notes with serial numbers issued by the Central Bank of Nigeria, which is an offence under Section 21(4) of the Central Bank of Nigeria (Establishment) Act, 2007.
She pleaded guilty to the charge and was arrested while hawking Naira notes at an event centre in Lagos.
The EFCC operative stated that ₦897,900 was recovered from her at the time of her arrest. Gbadamosi confessed in her statement that she was involved in currency racketeering and hawking of Naira notes.
Following her conviction, Gbadamosi was sentenced to six months imprisonment with an option of a fine of ₦50,000. The court also ordered the forfeiture of the recovered ₦897,900 to the Federal Government of Nigeria.
