The Federal High Court sitting in Asaba, Delta State, has convicted and sentenced five persons to prison for abusing the naira by spraying the currency.
Justice F. A. Olubanjo handed down the verdict on Thursday, October 15, 2026, after the defendants were convicted on a one-count charge relating to the spraying of naira notes.
The convicts were identified as Ekweozor Divine, Udumeluo Godwin Chukwuebuka, Kennedy Uwadia, Godstime Ogie Eghosa and Bright Barry Imade.
The offence contravenes Section 21(3) of the Central Bank of Nigeria (CBN) Act, 2007, and is punishable under Section 21(1) of the same Act.
However, details of the prison terms imposed on the five convicts were not provided in the statement.
