Anti-corruption and elections / EFCC
Court Jails Man for Illegal Trading of Naira Notes in Ibadan
Justice Nkeonye Maha of the Oyo State Federal High Court, sitting in Ibadan has convicted and sentenced one Ayorinde Festus Morakinyo to jail for illegal trading of naira notes. The convict was arraigned by the Ibadan Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on March 26, 2025 on a one-count charge that bordered on illegal trading of naira notes. The charge reads: “That you Ayorinde Festus Morakinyo sometimes in December. 2023 in Ibadan within the jurisdiction of this Honourable Court did sell the sum of N1,000,000.00 (One Million Naira) in N1000 (One Thousand Na…
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