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Man gets 7 year sentence for printing counterfeit naira

12 February 2016, 07:40

Abuja - A Lagos man has bagged himself a seven year prison sentence after he was found printing fake naira notes, Punch reports.

The suspect, James Onwuso, was handed sown his sentence in a Lagos High Court while his forfeiture machine was also ordered to be presented to the Central Bank of Nigeria (CBN).

In addition, the fake notes produced by Onwuso were also ordered to be destroyed.

Also read: CBN rejects Naira devaluation

Onwuso is alleged to have been arrested previously, in 2011, when he was also found in possession of counterfeit currency.

The convict revealed to the court that he had entered into the illegal venture following his retirement from the Nigerian Army, adding that he had a supplier who gave him printing papers.

According to Justice Ibrahim Buba, presiding Judge in the case, the verdict was an easy one to declare.

Read more at Punch

- News24


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