Petty trader remanded for spending ‘fake’ naira note

A 27-year-old petty trader, Ifeanyi Osuohae, was yesterday remanded in Kirikiri Prison after he pleaded guilty to spending a fake N1,000 note.
The Chief Magistrate, Mr A. A. Fashola, who gave the order at an Ikeja Magistrates’ Court, said the accused should be kept behind bars pending sentence.
The accused was arraigned for possessing fake currency.
Earlier, the prosecution alleged that the accused had in his possession N2,000 counterfeit notes.
The accused committed the offence on June 11, about 1.30 a.m.
at Akerele Street in Agege, a Lagos suburb, Police Prosecutor Mike Unah said.
He told the court that the accused boarded a taxi and gave the fake N1,000 note to the driver, who gave him N700 as change.
“The driver checked the fake N1,000 note and found out that it did not have CBN governor’s signature.
The accused started arguing with the driver.
In the process, the driver quickly drove to the nearest Police check point and alerted them.
“The Police found another fake N1,000 note on the accused after a thorough search,” he said.
The offence contravened Section 372 of the Criminal Law of Lagos State, 2015 (Revised).
The News Agency of Nigeria (NAN) reports that the section stipulates a seven-year jail term for offenders.