Crime

Bobrisky Sentenced Over Naira Notes Abuse.

Flaunting Naira notes on the floor during events has become a common practice in Nigeria, often seen as a display of affluence or celebration. However, many are unaware of the legal ramifications and social implications of such actions. Under Nigerian law, the abuse, defacing, or destruction of the country’s currency is prohibited and can result in penalties, including imprisonment. This behavior not only violates legal statutes but also undermines the integrity of the national currency and reflects poorly on societal values. As law enforcement agencies crack down on currency abuse, it’s essential for individuals to understand the consequences of their actions and uphold respect for the nation’s financial system.

Published

3 weeks ago

April 12, 2024

Stella Charles Akupue

Bobrisky Sentenced Over Naira Notes Abuse.

Bobrisky, the famous Nigerian crossdresser whose real name is Idris Okuneye, has been sentenced to six months in prison with no option of a fine for the ‘Abuse of Naira’.

The Central Bank of Nigeria (CBN) has enacted laws to prohibit the abuse of naira notes. Defacing, mutilating, or destroying naira notes is illegal, as they are considered a symbol of the country’s sovereignty. The CBN Act of 2007 outlines the penalties for abusing naira notes, including fines and imprisonment.

You can find more information about the laws on the abuse of naira notes on the CBN website: https://www.cbn.gov.ng/

Additionally, Section 21 of the CBN Act of 2007 addresses the issue of the abuse of naira notes. “Any person who tampers with, defaces, soils, or stains any banknote issued by the Bank shall be guilty of an offence and shall be liable on conviction to a fine not exceeding N50,000 or to imprisonment for a term not exceeding six months or to both.”

Justice Abimbola Awogboro of the Federal High Court in Lagos sentenced the controversial cross-dresser for Naira abuse on Friday. The judgement was delivered this morning, April 12, following his arraignment by the Economic and Financial Crimes Commission (EFCC) on a six-count charge, including abuse of the naira and money laundering.

Understanding the Consequences of Currency Abuse in Nigeria

While the court dismissed the money laundering charges, Bobrisky was convicted of naira abuse after confessing to the crime. Consequently, the court ordered that he be remanded in EFCC detention in Lagos. The judgement was initially scheduled for April 9, but the court’s sitting was postponed due to the Eid-Fitri public holiday from April 9 to April 11.

Abusing the Naira, as Bobrisky was found guilty, is a severe offence in Nigeria. The Central Bank of Nigeria Act 2007 prohibits the abuse, defacing, or destruction of the country’s currency. Offenders can face penalties, including imprisonment, as a deterrent measure to maintain the integrity of the national currency.

Furthermore, Bobrisky’s case serves as a moral lesson to Nigerians about the consequences of flouting laws and engaging in activities that undermine the nation’s financial system. It highlights the importance of respecting legal frameworks and adhering to established regulations, even in trivial matters like currency handling.

In light of these developments, Charly Boy has criticized the EFCC’s focus on Bobrisky, urging the agency to prioritize retrieving money from criminals instead. This underscores the broader debate surrounding law enforcement priorities and the allocation of resources to combat financial crimes.

As Bobrisky begins his sentence, it prompts reflection on individual responsibility, respect for the law, and the repercussions of unlawful actions. It reminds us that everyone is subject to the rule of law and accountable for their conduct irrespective of their status or influence.

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