Court Jails Three Individuals Over Fake Currency Without Option of Fine

Three individuals were convicted at the Federal High Court in Kwara State for the possession of fake naira notes, following a successful prosecution by the Economic and Financial Crimes Commission. According to a Thursday statement made available on the official X handle of the agency, the suspect O...

Three individuals were convicted at the Federal High Court in Kwara State for the possession of fake naira notes, following a successful prosecution by the Economic and Financial Crimes Commission.

According to a Thursday statement made available on the official X handle of the agency, the suspect Olaitan Dina, a 46-year-old aluminium fabricator from Maraba in Ilorin, Opeyemi Jeremiah, a bakery worker from Oke-Ero Local Government Area of Kwara State, and Adebayo Mayowa Abiola from Osi, Ekiti State, were sentenced by Justice Abimbola Awogboro to various jail terms, having found them guilty of having fake Naira notes.

The anti-graft agency revealed that the suspects were earlier arrested by operatives of the Nigeria Security and Civil Defence Corps and subsequently handed over.

The statement reads, “Three Jailed without Option of Fine for Currency Counterfeiting in Kwara Justice Abimbola Awogboro of the Federal High Court in Ilorin on Wednesday, October 15, 2025, sentenced three persons to various jail terms, having found them guilty of having fake Naira notes.

“The convicts: Olaitan Dina, a 46-year-old aluminium fabricator from Maraba in Ilorin; Opeyemi Jeremiah, a bakery worker from Oke-Ero Local Government Area of Kwara State; and Adebayo Mayowa Abiola from Osi, Ekiti State, were arrested by operatives of the Nigeria Security and Civil Defence Corps (NSCDC) and handed over to the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, for investigation.”

“Investigations revealed that the Naira notes found in their possession were fake, with several bearing identical serial numbers,” the statement concluded.

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TVC previously reported that Justice Dehinde Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, has pronounced the forfeiture of the sums of $20,000 and CFA 110,000 to the Federal Government of Nigeria.

This was disclosed in a statement shared on the official X handle of the Economic and Financial Crime Commission on Wednesday.

According to the statement, the monies were intercepted by operatives of the Nigerian Customs Service, NCS, at Seme Border in the Badagry Local Government Area of Lagos State and handed over to the anti-graft agency for further investigation.