• Latest
  • Trending
  • All
EFCC arraigns man for refusing to accept Naira as Form of Payment

EFCC arraigns man for refusing to accept Naira as Form of Payment

Ondo Deputy Speaker and Majority Leader resign

Ondo Deputy Speaker and Majority Leader resign

Chief of Army Staff Oluyede relocates to Markurdi over Herdsmen Attacks

Chief of Army Staff Oluyede relocates to Markurdi over Herdsmen Attacks

‘How driver lost control’ – Survivor Narrates Accident that killed 22 Kano Athletes

‘How driver lost control’ – Survivor Narrates Accident that killed 22 Kano Athletes

Nigerian Government Announces Public Holidays for Sallah Celebrations

Nigerian Government Announces Public Holidays for Sallah Celebrations

The progress of Kano state is non – negotiable – Engr. Yusuf

Kano Declares 12-day Sallah Holiday for Schools

Kwara mobile court convicts 135 sanitation violators |

Kwara Law Students Appeal for Immediate Release of Law School Scholarship Funds

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud

Daura v U.B.N PLC: Landmark Supreme Court Decision on ‘Estate and Debt’ Responsibilities after Death

Daura v U.B.N PLC: Landmark Supreme Court Decision on ‘Estate and Debt’ Responsibilities after Death

PROHIBITION OF RIBĀ (INTEREST-BASED TRANSACTIONS) IN ISLAMIC FINANCE: CONCEPT AND SIGNIFICANCE

PROHIBITION OF RIBĀ (INTEREST-BASED TRANSACTIONS) IN ISLAMIC FINANCE: CONCEPT AND SIGNIFICANCE

Hajj 2025: Saudi Arabia deports Sheikh Gumi back to Nigeria

Hajj 2025: Saudi Arabia deports Sheikh Gumi back to Nigeria

JUST IN: Wike seals PDP National Secretariat in Abuja

JUST IN: Wike seals PDP National Secretariat in Abuja

JAMB Announces Date to release UTME Result for resit Candidates

99% Scores Below 200 in Resit UTME – JAMB

  • About Us
  • Advertise with Us
  • Editorial Policy
Wednesday, June 4, 2025
  • Login
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus
No Result
View All Result
iDeemlawful
No Result
View All Result
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Commentary
  • Editorial
  • Campus
Home Breaking News

EFCC arraigns man for refusing to accept Naira as Form of Payment

by iDeemlawful
March 6, 2025
A A
EFCC arraigns man for refusing to accept Naira as Form of Payment
FacebookTwitterWhatsapp

On Wednesday, the Lagos branch of the Economic and Financial Crimes Commission (EFCC) charged Precious Uzondu with two counts of refusing to accept the Nigerian currency (Naira) as a valid form of payment.

This was made known in a statement shared on the commissions X (formerly Twitter) account on Tuesday.

According to the charge, Uzondu, refused to accept Naira, Nigeria’s official currency, as a means of payment.

RelatedPosts

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud

JUST IN: Tompolo to face EFCC arrest over Alleged Naira Abuse in viral video

JUST IN: VeryDarkMan released from EFCC custody

VeryDarkMan’s lawyer expresses frustration over Bail Difficulties

Instead, he allegedly accepted the sum of $5,700 (Five Thousand Seven Hundred U.S. Dollars) as payment for the purchase of a Carter diamond bracelet with serial number 12345678.

His actions were said to be in violation of Section 20 of the Central Bank of Nigeria Act, 2007.

The staement said, “The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Wednesday, February 5, 2025, arraigned one Precious Chimaobi Uzondu on a two-count charge bordering on alleged refusal to accept Naira as a legal tender before Justice A.O. Owoeye of the Federal High Court sitting in Ikoyi , Lagos.

“One of the count reads: “That you, Precious Chimaobi Uzondu, on the 10th of December 2024, in Lagos, within the jurisdiction of this Honourable Court, refused to accept Naira (Nigeria’s legal tender) by accepting the sum of $5700 (Five Thousand Seven Hundred USD) as a means of payment for a purchase of a Carter diamond bracelet with serial number (12345678) and you thereby lcommitted an offence contrary to Section 20 of the Central Bank of Nigeria Act, 2007.

“The defendant pleaded “not guilty” to the charges when they were read to him.

“In view of his pleas, prosecution counsel, Hannatu U. Kofar Naisa, prayed the court for a trial date and for the defendant to be remanded in a Correctional Centre.

“Counsel to the defendant, Jennifer Achinuagole, informed the court of a pending bail application and prayed the court to adopt the same as her oral application.

“Responding, Kofar Naisa informed the court about a counter-affidavit to the application and a written address. She prayed the court to accept the same and discountenance the application by the defendant.

“After listening to both parties, Justice Owoeye admitted the defendant to bail in the sum of N5m, with two sureties in like sum. The sureties must own landed properties in Lagos, which must be verified by the court, and also swear to an affidavit of means.

“The Judge also ordered the remand of the defendant in the Ikoyi Correctional Centre and adjourned till April 8, 2025 for commencement of trial.”

Tags: EFCC
Previous Post

CBN announces Increased Rate for ATM Withdrawal Charges

Next Post

Essentiality or Otherwise of the Defendant’s Presence in a Criminal Litigation: A Constitutional Right of Fair Hearing —Composed By Adeshina Umarfaruq Olaitan

iDeemlawful

iDeemlawful

Related Posts

Chief of Army Staff Oluyede relocates to Markurdi over Herdsmen Attacks
Breaking News

Chief of Army Staff Oluyede relocates to Markurdi over Herdsmen Attacks

‘How driver lost control’ – Survivor Narrates Accident that killed 22 Kano Athletes
Breaking News

‘How driver lost control’ – Survivor Narrates Accident that killed 22 Kano Athletes

Nigerian Government Announces Public Holidays for Sallah Celebrations
Breaking News

Nigerian Government Announces Public Holidays for Sallah Celebrations

The progress of Kano state is non – negotiable – Engr. Yusuf
Breaking News

Kano Declares 12-day Sallah Holiday for Schools

Kwara mobile court convicts 135 sanitation violators |
Breaking News

Kwara Law Students Appeal for Immediate Release of Law School Scholarship Funds

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud
Breaking News

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud

JAMB Announces Date to release UTME Result for resit Candidates
Breaking News

99% Scores Below 200 in Resit UTME – JAMB

Peter Obi attends Pope’s inauguration in Rome to beg Tinubu over Fidelity Bank’s N225bn Debt Crisis – Report
Breaking News

Peter Obi debunk meeting Tinubu in Rome over alleged N225bn Fidelity Bank debt

JAMB Announces Date to release UTME Result for resit Candidates
Breaking News

JAMB Announces Date to release UTME Result for resit Candidates

Hoodlums attacked Pasuma in Osun, sparking tensions
Breaking News

Hoodlums attacked Pasuma in Osun, sparking tensions

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019–2025 Deemlawful Media

  • About Us
  • Advertise with Us
  • Editorial Policy

Connect With Us

No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus

Copyright © 2019–2025 Deemlawful Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In