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.”