CBN’S Policy On Naira Abuse/Mutilation 1.0 Introduction: It is settled law that ignorance of the law is no excuse. Many perhaps are unware that tampering with, trading in notes and coins, spraying or matching naira notes either by way of spreading, scattering or littering of any surface with any naira notes or coins or otherwise stepping thereon regardless of the value, volume occasion or intent constitutes a crime that could give rise to sanctions including penal consequences. Many are equally unware that the popular tradition of spraying money specifically at weddings, parties and even clubs could land the culprits in…
Author: Funke
In a dramatic U-turn, the Nigeria Police Force has reopened its probe into the bitter River Park Estate saga, barely weeks after it declared the case concluded. Acting on fresh directives from the Inspector General of Police, Kayode Egbetokun, detectives are set to revisit forgery allegations against Ghanaian businessman Sir Samuel Jonah and three associates, after a stormy meeting with all parties and top brass of the Force. This stunning reversal effectively trashes the bold claims made by Deputy Commissioner of Police Akin Fakorede during his controversial June 27 briefing, where he pronounced businessman Paul Odili as the “owner” of…
The Lagos State High Court will be on 2024/2025 legal year of the state judiciary annual vacation from July 21 and end on September 12. The court will resume work on September 15, for the 2025/2026 legal year, while the new legal year service would take place on September 22. This was communicated via a notice signed by the State Chief Registrar, Mr. Tajudeen Elias. Court of Lagos State may sit -Chief Judge The Lagos State Chief Judge, Justice Kazeem Alogba approved the annual vacation pursuant to Order 49, Rule 4(D) of the High Court of Lagos Civil Procedure Rules,…
A Lagos State High Court has issued a bench warrant for the arrest of Rahmat Animashaun after she failed to appear in a criminal case brought by the Directorate of Public Prosecutions, DPP. Justice Ibikunke Harrison, presiding over the matter, directed the arrest of Animashaun be arrested and produced in court on the next adjourned date, September 29, 2025, and on any subsequent dates until further notice. Court filings indicate that the Lagos State DPP has filed a four-count charge against Animashaun, including perjury, bringing false accusation, making false statements to public officers, and attempting to pervert the course of…
The Enugu State Police Command has rescued six stolen or trafficked children during multiple busts targeting both local and transnational child trafficking syndicates. The Commissioner of Police, CP. Mamman Bitrus Giwa, also confirmed the arrest of 10 suspects in a series of coordinated operations spanning June 30 to July 16, 2025. The Police boss praised the operatives’ professionalism and reaffirmed the Command’s dedication to protecting children from trafficking networks. “Parents and guardians must be watchful and protect their children. Resist any involvement in human trafficking, no matter the guise of economic difficulty,” Giwa urged. The operations, which cut across several…
The Federal Capital Territory, FCT, recorded a pivotal legal victory on July 11, 2025, as the Federal High Court dismissed a N500 million lawsuit challenging the ongoing FCT scavenger crackdown targeting street scavengers, beggars, and illegal traders in Abuja. The decision has been widely celebrated by security experts and law enforcement agencies as critical to restoring order, safeguarding infrastructure, and curbing urban criminality. FCT Commissioner of Police Adewale Saka Ajao welcomed the verdict, stating, “The judgement is a boost to Police efforts to curb vandalism of public infrastructure.” The lawsuit, filed in November 2024 by Abuja-based lawyer Abba Hikima, sought…
A legal practitioner, Abu Arome, is accusing the Police of complicit in a land-grabbing saga stating that the unlawful act is aimed at intimidating and dispossessing his non-Nigerian clients in an ongoing land dispute. Land-grabbing: “An unlawful encroachment” In his piece titled, My Odyssey: Battling Land Grabbers in the Pursuit of Justice, Arome claimed that his clients approached the courts in September 2024 to challenge “an unlawful encroachment,” only to face sudden allegations of forgery. “For over 13 years, no one ever accused my clients of forgery…” He said that changed immediately after they dared to protect what was lawfully…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, has warned Nigerians against the abuse of the naira, saying that spraying and stamping on the national currency is not part of Nigerian culture but a criminal offence. Olukoyede gave the warning on Friday in Lagos during a stakeholders’ sensitisation programme held in Lagos. Naira abuse, criminal offence Describing the naira as “a symbol of our sovereignty,” the EFCC boss expressed concern over persistent abuse of the currency at social functions, particularly through spraying, mutilation, and stamping. “Nobody who works hard to earn money will go…
Former governor of Ekiti State, Ayodele Fayose has been discharged and acquitted of charges of money laundering and stealing to the tune of N6.9 Billion. Justice Chukwujekwu Aneke of the Federal High Court, Ikoyi ruled on the no-case submission filed by Chief Kanu Agabi SAN, the defendant’s counsel, and held that the prosecution failed to establish a prima facie case against him. EFCC, Fayose, money laundering case The defendants; Fayose and Spotless Investment Limited, were charged to court by the Economic and Financial Crimes Commission, EFCC, on 11 counts money laundering allegations. The defendants were initially arraigned on October 22,…
The All Progressives Congress, APC Chairmanship candidate for Ayobo-Ipaja Local Council Development Area, Mr. Lukman Agbaje has commended the smooth conduct of the local government elections while reaffirming his commitment to Ayobo-Ipaja development if elected. Speaking after casting his vote at Unit 014, Agbaje lauded the Lagos State Independent Electoral Commission, LASIEC, for early arrival and orderliness. “So far so good, at least everything is intact. We have enough security personnel on ground, and there’s no cause for alarm,” he said. He urged residents to come out and exercise their civic responsibility. “It’s their right to choose the candidate of…