On Wednesday, May 29, 2024, Justice Chukwujekwu Aneke of the Federal High Court in Ikoyi, Lagos, convicted and sentenced Adeyinka Bilikis Gbadamosi to six months in prison for currency racketeering.
Gbadamosi was brought to court by the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) on a one-count charge of currency racketeering.
The charge read: “That you, Adeyinka Bilikis Gbadamosi, on the 27th of April, 2024, in Lagos, within the jurisdiction of this Honorable Court, engaged in hawking the total sum of N897,900 (Eight Hundred and Ninety-Seven Thousand, Nine Hundred Naira) in N200 Naira note denomination, with serial numbers 688101, and N500 Naira note denomination, with serial numbers 315501 issued by the Central Bank of Nigeria, thereby committing an offence contrary to and punishable under Section 21(4) of the Central Bank of Nigeria (Establishment) Act, 2007.”
Following her plea, prosecution counsel C.C. Okezie called on EFCC operative Olagunju Abdul Malik to review the facts of the case. Abdul Malik informed the court that the defendant was arrested on April 27, 2024, while hawking Naira notes at the 10 Degree Event Centre, Billings Way, Ikeja, Lagos, based on credible intelligence received by the Commission.
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