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Nigeria: Naira Abuse - Popular Kano Tiktoker Knows Fate May 20

  • On May 8, 2025, the EFCC Lagos Zonal Directorate 1 successfully obtained the conviction and sentencing to six months imprisonment for Babatunde Peter Olaitan alongside Tobilola Olamide at the Federal High Court in Ikoyi, Lagos, for tampering with Naira currency notes.
  • The conviction followed intelligence-driven investigations triggered by a TikTok video showing the defendants spraying N200 notes during a social event on April 8, 2025, at Macdonald Road, Ikoyi.
  • Both defendants admitted guilt to a distinct single-count offense related to tampering with currency as specified under the Central Bank Act of 2007, and the court accepted their statements made outside of court along with video footage as evidence.
  • Justice Alexander Owoeye sentenced each to six months imprisonment or an option of a N200,000 fine, with prosecuting counsel urging conviction and sentencing for the offense.
  • The outcome reinforces EFCC's enforcement of currency tampering laws amid increased scrutiny over equal application of the law in similar high-profile cases.
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securitynewsalert.com broke the news in on Monday, May 12, 2025.
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