Teenager Pleads Guilty to Possession of N14, 000 Fake Naira Notes

Certainly, if you ask, a lot of Nigerians will tell you that the business of printing fake naira notes is a thing of the past. What with the Central Bank of Nigeria (CBN) continually bragging about the security measures they have put in place in the country’s notes, saying that they cannot be beaten by counterfeiters. But the following story will get us all thinking again.

Solomon Banabas, a 19-year-old teenager, caught by the police with some fake naira notes during a stop-and-search operation on Tuesday in Lagos pleaded guilty to the offence. Banabas told an Ikeja Magistrates’ Court that he was “guilty as charged’’.

According to the News Agency of Nigeria (NAN), the accused is facing a charge of unlawful possession of fake naira notes totaling N14, 000. Prosecutor, Edet Okoi had told the court that the teenager was caught with the fake notes on October 11, on the Lagos-Ibadan Expressway. He explains, “The accused was stopped by the police, a search was conducted on him and fake N1, 000 notes totaling N14, 000 were found on him… He could not give a satisfactory explanation how he came about the fake notes,” he said.

Okoi further explained to the court that the offence contravened Section 78 of the Criminal Code, Laws of Lagos State, 2011. Meanwhile, Magistrate J.A. Anabor, ruled that judgment in the matter will be delivered on October 31.

Source: NAN

Tags from the story
cbn, naira, notes

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