Justice K. Dagat of the Federal High Court, sitting in Maiduguri, Borno State, has convicted and sentenced three illegal bureaux de change
operators to one-year imprisonment each.
They were arraigned on Wednesday, July 10, 2024, by the Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission on a one-count separate charge for operating an illegal bureau de change business.
While the charge against Mustapha reads: That you, Mohammed Mustapha sometime in May 2024, within the jurisdiction of this Honourable Court, did carry on, other financial business without license issued by the Central Bank of Nigeria contrary to Section 57 and b and punishable under 57 b of the Banks and other Financial Institutions Act, 2020.”Thereafter, prosecution counsel, A.B Aliyu prayed the court to convict and sentence the defendants accordingly, while counsel for the defendants H.
Justice Dagat thereafter convicted and sentenced the defendants to one year imprisonment with an option of N100,000.00 each. The convicts bagged their imprisonment when they were arrested for operating bureau de change businesses without an appropriate license.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nnamdi Kanu Appeals His Court Jurisdiction Objection Ruling By Justice NyakoKanu, through his lead Counsel, Alloy Ejimakor, filed the notice of appeal at the Court of Appeal in Abuja.
Read more »
Kanu appeals Justice Nyako’s ruling against his objection to court’s jurisdictionLeader of the Indigenous People of Biafra, IPOB, Mazi Nnamdi Kanu, has appealed the June 19 ruling of the Federal High Court sitting in Abuja and presided over by Justice Binta Nyako, against his objection to the jurisdiction of the Federal High Court to subject him to trial.
Read more »
Nnamdi Kanu moves to Appeal Court challenging Justice Nyako’s jurisdiction rulingThe leader of the Indigenous People of Biafra, IPOB, Nnamdi Kanu on Tuesday headed to the Abuja Division of the Appeal Court over the decision of the Abuja Federal High Court refusing his application challenging the court's jurisdiction to entertain his trial.
Read more »
CJN blames poor court management for ineffective justice deliveryThe Chief Justice of Nigeria (CJN) Justice Olukayode Ariwoola, has urged court administrators to develop strategic plans that
Read more »
Emir tussle: Judge transfers Ado Bayero’s suit to Appeal Court’s justiceJustice Abdullahi Muhammad Liman of the Federal High Court in Kano has transferred the case between the deposed Emir Aminu Ado Bayero and the state government to Justice Simon Amobeda.
Read more »
Lagos Lawmakers Summon Justice Commissioner Over S’Court Judgment on LG AutonomyA Trusted Nigerian Newspaper
Read more »