Court Jails 2 Foreign Currency Counterfeiters 

Court Jails 2 Foreign Currency Counterfeiters 

Two foreign currency Counterfeiters, Ajibade Ismail Adio and Adewumi John Olorode, were today, convicted and sentenced to two years Imprisonment, by a Lagos Federal High Court.

The dou were convicted and sentenced to the jail-terms, after they pleaded guilty to a two-count amended charge of being in possession of 165 pieces of fake $100 United States of America’s dollars and 139 pieces of 10, 000 bill of CFA Franc.
The two convicts were arraigned today before Justice Tijjani Ringim led-court by the Economic and Financial Crimes Commission (EFCC).

Arraigning the convicts, EFCC prosecutor, Barrister Samuel Daji, told the court that they were arrested by the Operatives of the Nigeria Customs Services (NCS) on April 15, 2022, in one of country’s borders in Ogun State.

He told the court that the convicts were arrested with the foreign currencies numbered PE81052313B and 21233443907A, with an intent that it may in any way be used as genuine.

Prosecutor Daji told the court that the offences committed are contrary to section 456 and punishable under section 467 (2)(g) of the Criminal Code Act Cap C38, Laws of the Federation of Nigeria 2004. 

The two convicts, pleaded guilty to the charges when it was read to them.

Following their guilty plea, the prosecutor urged the court to convict and sentence them as charged and with their guilty plea.

However, their counsel, Abimbola Akinsanya and Patience Amadi, urged the court to tamper justice with mercy in sentencing their clients. The counsel specifically to take a cognisance of plea bargain arrangement between their clients and prosecution.

Justice Ringim after listening to both counsel for the prosecution and defence, sentenced each of the convicts to a year on each of the counts.

The judge however ordered that the jail terms are run concurrently and from the date the convicts were arrested.