Crime
Chinese jailed for mutilating naira
The EFCC has secured the conviction and sentencing of one Li Lei Lei to two years imprisonment over mutilation of the Nigerian currency.
The Chinese national was convicted by Justice I. Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos on Tuesday.
The Lagos command of the commission arraigned him on a four-count charge which bothers on tampering of the Nigerian currency note, an offence punishable under Section 21(1) of the Central Bank of Nigeria Establishment) Act.
One of the count reads: “That you, Li Lei Lei, about the 17th day of May, 2022, at the Murtala Muhammed International Airport, Lagos State, within the jurisdiction of this Honorable Court, tampered with One Thousand Naira (N1,000) Note, with serial number 947882 issued by the Central Bank of Nigeria, CBN and thereby committed an offence contrary to and punishable under Section 21(1) of the Central Bank of Nigeria Establishment) Act, Cap C4, Vol.1, Laws of the Federation of Nigeria, 2010.”
-
Business6 days agoNigeria: Whither the fruits of 2026 crude oil windfall?
-
Latest6 days agoMakinde declares 2027 presidential bid under PDP–APM alliance
-
Comments and Issues7 days agoPolitical Parties Primaries: Consensus or Coronation?
-
Comments and Issues6 days agoDoes it matter to Africa if Nigel Farage comes to Number 10?
-
Business5 days agoTrump-Xi summit sparks fresh questions for Nigeria’s economy, tech sector
-
Business4 days agoNigeria’s foreign debt climbs 22% to $51.86bn under Tinubu administration
-
Comments and Issues6 days agoIs France Real or Playing Ping Pong With Africa?
-
Comments and Issues6 days agoThe “Onuku” Called Kenneth Okonkwo