A man identified as Precious Chimaobi Uzondu has been arraigned by the Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on a two-count charge bordering on alleged refusal to accept Naira as a legal tender.
Uzondu was arraigned before Justice A.O. Owoeye of the Federal High Court sitting in Ikoyi, Lagos on Wednesday, February 5, 2025.
A statement released by the anti-graft agency says one of the count reads
“That you, Precious Chimaobi Uzondu, on the 10th of December 2024, in Lagos, within the jurisdiction of this Honourable Court, refused to accept Naira (Nigeria’s legal tender) by accepting the sum of $5700 ( Five Thousand Seven Hundred USD) as a means of payment for a purchase of a Carter diamond bracelet with serial number (12345678) and you thereby committed an offence contrary to Section 20 of the Central Bank of Nigeria Act, 2007.”
