Recently, a Federal High Court in Kano sentenced two prominent social media personalities to prison for abusing the Nigerian Naira. This case marks a significant step in enforcing the Central Bank of Nigeria's laws.
Court Ruling and Sentencing
The court ruling was handed down to Abubakar Ibrahim, known as 'G-Fresh', and Hamisu Saíd Yusuf, also known as 'Hamisu Breaker'. Both were convicted for naira abuse, receiving five-month prison sentences. The verdict was delivered by Justice S.M. Shuaibu after they pleaded guilty to using currency improperly.
Legislative Measures Against Naira Abuse
Naira abuse falls under Section 21(1) of the Central Bank of Nigeria (CBN) Act, 2007, which prohibits actions such as spraying or defacing the naira. The CBN aims to protect the integrity of the naira as a national symbol. The enforcement of this law has intensified recently, as evidenced by new cases of conviction.
Public Reaction and Other Notable Cases
The court's decision has sparked mixed reactions on social media. Some support the strict application of the law, while others express doubts about fairness in targeting individuals. In the past, there have also been many cases where notable figures faced prosecution for similar actions.
This case highlights the importance of adhering to currency protection laws in Nigeria and sets a precedent for similar cases in the future. It also serves as a reminder for public awareness regarding laws concerning currency handling.
