FG TO PRIORITIZE RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES. (PHOTO). #PRESS RELEASE

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 PRESS RELEASE  FG TO PRIORITIZE  RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES The Federal Government of Nigeria will pursue diversification of its revenues and adopt greater prudent resource allocation measures to mitigate the impact of low oil prices should it continue, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at a meeting with investors during the ongoing IMF/World Bank Spring Meetings in Washington DC yesterday, Mr Wale Edun emphasized that with the recent reforms embarked upon by the present administration, Nigeria is better positioned to deal with global economic uncertainties. The meeting was also attended by the Chairman, Senate Committee on Finance, Senator Mohammed Sani Musa; the Deputy Chairman of the House of Representatives Committee for Finance, Hon. Saidu Musa Abdullahi; the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso; the Permanent Secretary of the Federal Ministry of Finan...

LAGOS COURT JAILS BOBRISKY SIX MONTHS FOR NAIRA ABUSE. (PHOTOS). #PRESS RELEASE.


 Lagos Court Jails Bobrisky Six Months for Naira Abuse

 

Justice Abimbola Awogboro of the Federal High Court, sitting in Ikoyi, Lagos, on Friday, April 12, 2024, sentenced Idris Okuneye, a.k.a Bobrisky, to six months imprisonment over mutilation of the Naira notes.

 

He was arraigned on Friday, April 5, 2024 on a four-count charge bordering on mutilation of the Naira notes to the tune of N490, 000, 00 (Four Hundred and Ninety Thousand Naira).

 

Count one reads: ā€œThat you, OKUNEYE IDRIS OLANREWAJU, on the 24th day of March, 2024, at Imax Circle Mal, Jakande, Lekki, within the jurisdiction of this Honourable Court, whilst dancing during a social event, tampered with the total sum of N400,000.00 (Four Hundred Thousand Naira) notes issued by the Central Bank of Nigeria by spraying same and you thereby committed an offence contrary to and punishable under section 21(1) of the Central Bank Act, 2007.ā€

 

Another count reads: ā€œThat you, OKUNEYE IDRIS OLANREWAJU, between July and August, 2023 at Aja Junction, Ikorodu, within the jurisdiction of this Honourable Court, whilst dancing during a social event, tampered with the sum N50,000.00 (Fifty Thousand Naira) issued by the Central Bank of Nigeria by spraying same and you thereby committed an offence contrary to and punishable under section 21(1) of the Central Bank Act, 2007.ā€

 

He pleaded ā€œguiltyā€ to the charges when they were read to him. 

 

At the last sitting, the prosecution counsel, S.I. Sulaiman, urged the court to allow the investigating officer, ASE I Bolaji Temitope Aje, to give a brief review of the facts against him.

 

Aje narrated to the court that the EFCC received intelligence on some individuals, who are in the habit of mutilating and spraying the Naira notes at social parties and event centres in Lagos. 

 

 According to him, ā€œBased on intelligence, the EFCC set up the Special Operations Team to observe and monitor activities of individuals, who are involved in the habit of mutilating the Naira. 

 

ā€œThe team visited many event centres and monitored social media pages, where the Naira was being abused. During the course of the monitoring, the team came across videos on social media, where the defendant was seen abusing the Naira. The team then proceeded to download these videos via our office laptop computers and also went further to copy these videos on compact discsā€.

 

ā€œIn the light of the foregoing, a letter of invitation was written and forwarded to the defendant. 

 

ā€œThe defendant honoured the invitation. When he got to our office, he was voluntarily cautioned. Thereafter, he volunteered to write his statementā€. 

 

ā€œThe defendant was shown a video, where he was spraying money on an artiste called Segun Johnson. The defendant confessed that he was the one in the video. He was also shown a video at IMAX Circle Mall, where he sprayed a total sum of N400,000 at a movie premiere. The defendant also admitted that he was the one in the video and that he carried out the abuseā€.

 

ā€œThe defendant was also shown two other videos of him spraying the Naira at Aja junction, Ikorodu, and White Stone Event Centre, Ikeja, Lagos.

 

ā€œThe defendant admitted to spraying money in these videos. He was, therefore, served with a bail condition. 

 

Consequently, Sulaiman then prayed the court to convict and sentence the defendant accordingly. 

 

Justice Awogboro had, thereafter, ruled that ā€œupon the admission of guilt by the defendant, testimony of PW1 and following the evidence tendered, the defendant is declared guilty as charged.ā€

 

In his plea for mercy, Bobrisky  said: ā€œI am a social media influencer, with five million followers; and in all honesty, I was not aware of the law. I wish I can be given a second chance to use my platform to educate my followers against the abuse of the Naira.ā€

 

Also, his lawyer had said: ā€œHe will lead the crusade against the abuse of Naira. He is also an employer of people ; and if he goes to jail, the people he employs  will suffer. He has cooperated with the EFCC and has not wasted the time of the court. We urge the court to caution the defendant and allow him to go. He has given evidence that he will be useful to the country. We urge you to grant a non-custodial sentencing option of fine.ā€

 

After listening to both parties, the Judge had deferred judgment in the matter to Tuesday, April 9, 2024 and also ordered that he be remanded in the EFCC custody.

 

Delivering judgment on Friday, Justice Awogboro held that ā€œThe act of mutilating the Naira notes has become a menace, which has continued to damage the image of the country…

 

ā€œEnough of people mutilating and tampering with our currencies. It has to stop. His will serve as a deterrent to others.ā€

 

The Judge, therefore, sentenced him to six months imprisonment, without an option of fine, from the date of his remand.

 

More photos below. 



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