Lagos Court Prison Entrepreneur, the company for refusing to accept Naira as a law tender

Judge Akintayo Aluko from the Federal High Court who sat in Ikoyi, Lagos, on Thursday, April 17, 2025 was sentenced and punished a businessman, Aniogor Godswill Obiajulu and his company, ICE by CW with five years in prison for their rejection to accept Nira as a legal tender.

Obajualu, together with ICE by CW, was charged on Thursday on the accusation of two counts bordering the rejection to accept Naira as a law tender.

Calculate someone says: “That you, ICE by CW and Aniogor Godswill Obiajulu, on December 10, 2024 in Lagos, in this honorable court jurisdiction, refused to accept Naira and Legal Tender by receiving $ 10,000 (ten thousand US dollars) as a means of Nigerian tender) by receiving $ 10,000, ten thousand US dollars) as a means of nigerian tender US) as a means of Nigerian tender) by receiving $ 10,000, ten thousand US dollars) as a means of Nigerian tender) by receiving $ 10,000 can be punished based on section 20 (1) of the Central Bank of the Nigerian Law, 2007. “

Calculating two readings: “That you, ICE by CW and Aniogor Godswill Obajulu, on December 10, 2024 in Lagos, in this honorable court jurisdiction, directly maintaining the total number of $ 10,000 (ten thousand US dollars), which is naturally known to have known forms carried out by people It must be known, unknown people, unknown people, to get forms that must be known, unknown people, unknown people, unknown people, to get forms that must be known, unknown people, unknown people, people who must be known, people who must be known, people -Money laundering (prevention and prohibition), 2022 and can be punished based on section 18 (3) of the same action. “

He claimed to be “guilty” on the accusation when they were read to him

Also read: The Nigerian government launched Bisonfly to secure a discount air trip for Civil Servants

Considering his request, the legal counsel, CC Okezie, was tendered, as evidence, receiving the payment of the bracelet dated December 10, 2024, the defendant’s statement dated December 27, 2024 and a diamond bracelet.

Okezie also urged the court to punish the defendant as charged.

Delivering an assessment, Judge Aluko found the first and second defendants guilty and punished them for six months in prison, with a fine in the number of N50,000 (fifty thousand naira) at Count One.

The judge punished the second defendant in four years in prison, with a fine in the number of N1,000,000.00 (one million naira) in the count two.

Also, the judge expressed a fine of N1,000,000.00 (one million naira) to the first defendant in Count Two.

The Semanggi Berlian bracelet was ordered to be scorched to the Nigerian Federal Government.

The two convicts pocketed their prison sentence to set the price and receive the United States dollar as a means of payment of goods and services in Nigeria in contrast to the money laundering law.

Join the conversation

Opinion

Supports Nigeria’s ripples, resistant Journalism Solutions

A balanced and fearful journalism that is driven by data comes with enormous financial costs.

As a media platform, we ask for leadership accountability and will not trade the right to suppress freedom and freedom of speech for a piece of cake.

If you like what we do, and ready to uphold journalism solutions, friendly Nigerian ripples cause.

Your support will help ensure that residents and institutions continue to have free access to credible and reliable information for community development.

Donation now