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Court Jails Man Four Years for Refusal to Accept Naira As Legal Tender

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Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, April 15, 2025, convicted and sentenced one Uzondu Precious Chimaobi to four years imprisonment for his refusal to accept the Naira as a legal tender.

 

Chimaobi was arraigned by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, Awolowo Road, Ikoyi, Lagos, on February 5, 2025 on a two-count charge bordering on refusal to accept the Naira as a legal tender.

 

One of the counts 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 legal tender) by accepting the sum of $5700 ( Five Thousand Seven Hundred USD) as a means of payment for a purchase of a cartier diamond bracelet with serial number (12345678) and you, thereby , committed an offence contrary to Section 20 of the Central Bank of Nigeria Act, 2007.”

 

He initially pleaded not guilty to the charge, leading to his full trial.

 

Subsequently, the prosecution presented its first witness, PW1, Owolabi Oyarekhua Jude, an operative of the EFCC.

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Led in evidence by the prosecution counsel, H.U. Kofarnaisa, Jude told the court that “the Commission received intelligence on the activities of a jewelry company called Unlimited Jewellers Limited, “whose owner is one Uzondu Precious Chimaobi.

 

“The Company, which deals in jewelry at Atlantic Mall, Chevron Drive, Lekki, Lagos intentionally tags and sells its products in Dollars as against the CBN Act, 2007 ,which stipulates Naira as the only legal tender in Nigeria.”

 

Continuing, he added that “ Subsequently, a covert operation was carried out , where an undercover operative of the Commission disguised as a customer to purchase a Diamond Nail bracelet that was tagged $6000 and bought it for $5700.

 

“The company refused to receive Naira and demanded Dollars as a means of payment. The payment was made and receipt was issued in Dollars . The owner of the company was arrested and taken to the Commission’s office.”

 

However, at the resumed sitting on April 14, 2025, the defendant opted to change his “not guilty” plea to “guilty.

 

Consequent upon his guilty plea, Kofarnaisa, prayed the court to rely on the evidence earlier given by the investigating officer, and admit the same in convicting the defendant.

 

Kofarnaisa, thereafter, tendered the defendant’s statement and other evidence to further prove his guilt and they were admitted by the court.

 

Justice Owoeye then adjourned till Tuesday, April 15, 2025 for ruling.

 

Delivering judgment, they found the defendant guilty and gave him an option of fine of N50,000( Fifty Thousand Naira) on count one.

 

The Judge sentenced him to four years imprisonment, with an option of fine in the sum of N600,000 on count two.

 

His Cartier Diamond wristwatch was ordered forfeited to the Federal Government of Nigeria.

 

The convict bagged his imprisonment when he refused to accept Naira by accepting the sum of $5700 ( Five Thousand Seven Hundred USD) as a means of payment for a purchase of a cartier diamond bracelet. He was charged to court and convicted.

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Nigeria’s Power Supply to Improve in Two Weeks as Gas Pipeline Work Nears Completion

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By Yusuf Danjuma Yunusa

Nigerians can expect a steady improvement in electricity supply within the next two weeks, following the completion of maintenance work on a critical gas pipeline, according to Adebayo Olowoniyi, Chief Technical Adviser to the Minister of Power.

Speaking during an appearance on Arise TV on Thursday, Olowoniyi addressed the recent nationwide blackouts that have disrupted homes, businesses, and industries. His remarks came just days after the Minister of Power, Adebayo Adelabu, issued a public apology over the worsening power situation.

Olowoniyi defended the minister’s apology, framing it not as an admission of personal failure but as a demonstration of accountability. “I think, first of all, I’d like to start with the apology from the Honourable Minister, which we believe is all about taking leadership in the sector,” he said.

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“It is not necessarily directly his fault for the challenges that we have, but as the Minister of Power, it was the right leadership step to say, ‘I take ownership of this issue, and I’m going to prefer a solution that would ensure power supply comes back in the shortest available time.'”

The adviser attributed the recent grid instability to disruptions in a major gas pipeline, which supplies fuel to power plants responsible for approximately 75 per cent of the nation’s electricity generation.

“One of the major gas pipelines in Nigeria was undergoing maintenance, and gradually that process is being completed,” Olowoniyi explained. “We’re sure that within the next two weeks, full gas pressure will be back on the gas pipelines, and the power plants will be able to get enough gas at least to go back to their level of generation that they had in the last two to three months.”

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Court Orders Arrest of PDP Factional Chairman Kabiru Turaki for Skipping Trial

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By Yusuf Danjuma Yunusa

A High Court in the Federal Capital Territory (FCT) has issued a bench warrant for the arrest of Kabiru Turaki, a factional national chairman of the Peoples Democratic Party (PDP), following his failure to appear before the court.

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Justice U.P. Kekemeke issued the warrant on Thursday, ruling that the former minister had provided no valid justification for his absence from the proceedings.

The warrant stems from a one-count charge filed against Turaki by the Inspector-General of Police (IGP). The charge alleges that Turaki provided false information to the police in a petition dated October 2022.

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Youth Call on Ibrahim Little to Contest for Kano Governorship Under ADC

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The Kano Youth Concern Initiative has called on ADC chieftain Ibrahim Ali Amin Little to declare his intention to contest for the Kano State governorship under the platform of the African Democratic Congress (ADC).

The group made this known in a statement issued on Thursday, signed by its Chairman, Comrade Abubakar Junaid Binoni, and its Secretary, Saidu Muhammad Ahmad.

According to Binoni, it is high time the ADC chieftain stepped forward to contest for the governorship in order to salvage Kano from the grip of entrenched political godfathers who, in their view, have hindered the state’s progress.

“It is only an independent-minded leader with courage and vision that can drive rapid economic development in Kano, widely regarded as Nigeria’s commercial nerve centre,” Binoni stated.

He further emphasized that Little’s strong background in the private sector sets him apart from previous governors of the state, many of whom were largely career civil servants with limited exposure to private enterprise and, in some cases, products of political godfatherism.

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“Ibrahim Ali Amin Little possesses the administrative competence, business acumen, and strategic thinking required to reposition Kano for sustainable growth. His experience in the private sector gives him a practical understanding of job creation, investment attraction, and economic diversification—qualities that are critical for a modern and thriving Kano State,” he added.

The group also noted that Little’s longstanding interest in serving the state, dating back over a decade, reflects a deep sense of patriotism, resilience, and commitment to the welfare of the people.

“His passion and consistent efforts toward the governorship over the years demonstrate that his ambition is driven not by personal gain, but by a genuine desire to uphold the integrity and advance the interests of the people of Kano,” the statement read.

They expressed confidence that under Little’s leadership, Kano could witness significant transformation in key sectors such as commerce, infrastructure, youth empowerment, and industrial development, ultimately restoring the state’s status as a leading economic hub in Nigeria.

The group concluded by urging him to heed the call of the youth and formally declare his intention, stressing that they would not hesitate to explore all legitimate means to compel him to do so if he fails to respond.

“We strongly believe that the future of Kano depends on visionary leadership, and Ibrahim Ali Amin Little has what it takes to lead the state to greater heights,” Binoni said.

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