Nigeria: Jeweller Convicted, Forfeits $5,700 Bracelet for Refusing to Accept Naira As Legal Tender

Nigeria: Jeweller Convicted, Forfeits $5,700 Bracelet for Refusing to Accept Naira As Legal Tender

Earlier this month, the Economic and Financial Crimes Commission (EFCC) charged the jeweller with two counts of rejecting naira and accepting $5,700 last December for the sale of a Cartier diamond bracelet.

Jeweller convicted, forfeits $5,700 bracelet for refusing to accept naira as legal tender

Earlier this month, the Economic and Financial Crimes Commission (EFCC) charged the jeweller with two counts of rejecting naira and accepting $5,700 last December for the sale of a Cartier diamond bracelet. The post Jeweller convicted, forfeits $5,700 bracelet for refusing to accept naira as legal tender appeared first on Premium Times Nigeria.

Court Jails Man for Refusing Nigeria’s Official Currency

Uzondu Precious Chimaobi was sentenced to four years in prison for refusing to accept naira as payment, violating the CBN Act. His company, Unlimited Jewellers Limited, insisted on payment in dollars for a Cartier bracelet, prompting an EFCC undercover operation. The court gave him an option of a N650,000 total fine and ordered the forfeiture […] The post Court Jails Man for Refusing Nigeria’s Official Currency appeared first on EkoHotBlog.

Nigerian Businessman Goes To Prison For Selling Jewellery In Dollars, Refusing Naira - Security News Alert

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 […] The post Nigerian Businessman Goes To Prison For Selling Jewellery In Dollars, Refusing Naira  first appeared on …

Chimaobi gets 4 years jail for refusal to accept naira as legal tender

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 acce…

Man Sǝntenced to Four Years in Pr!son for Rejecting Naira and Accepting Dollars in Jewelry Sale

Justice Alexander Owoeye of the Federal High Court in Ikoyi, Lagos, has sentenced Uzondu Precious Chimaobi to four years in prison. The sentence, delivered on Tuesday, April 15, 2025, followed Chimaobi’s refusal to accept Naira as legal tender in a business transaction. According to the EFCC, Chimaobi sold a Cartier diamond bracelet valued at $6,000 […] The post Man Sǝntenced to Four Years in Pr!son for Rejecting Naira and Accepting Dollars in J…