The Economic and Financial Crimes Commission, EFCC, has secured the conviction of two illegal Bureau de Change operators in Kano State.
Justice Mohammed Nasir Yunusa of the Federal High Court Kano on Tuesday, convicted and sentenced Munkaila Sani and Mohammed Sani to one year imprisonment each for operating BDC without an appropriate license.
They were jailed after pleading guilty to one-count separate charge bordering on engaging in financial operations of bureau de change without a requisite license, upon their arraignment by the Kano Zonal Command commission.
One of the counts read that Sani engaged in a financial operation of bureau de change without a valid license, thereby committing an offense contrary to Section 57 (5) of the Banks and Other Financial Institutions Act, 2020 and punishable under Section 57 (5) (B) of the same act.
While the defendants pleaded guilty to their charges, prosecution counsel,
Aisha Tahar Habib prayed the court to convict and sentence them accordingly.
Counsel to the defendants, Abdulrahman Isah pleaded with the court to temper justice with mercy as the suspects are elderly and have become remorseful for their actions.
READ ALSO: EFCC arrests 11 currency racketeers in Kano
Justice Yunusa convicted and sentenced the defendants to one year imprisonment each without an option of fine.
In a related development, Edo state high court has jailed seven internet fraudsters
The convicts, Osunsina Yusuf Afolabi, Timilehin Gbemi, Akinseye Mayowa, Oladapo Damilola Michael, Akinfemiwa Akintunde, David Ehirebamen Aigbadon and Osarodion Aifeshi Jonathan, were on Tuesday sentenced to various jail terms by Justices Efe Ikponmwonba and Justice M. Itsueli after pleading guilty to one-count separate charges bordering on impersonation and possession of fraudulent documents.
This is following arraignment by the Benin Zonal Command of the anti-graft agency.
Justice Ikponmwonba sentenced Mayowa, Afolabi, Gbemi, Aigbadon, Michael and Akintunde to three years imprisonment or a fine of N100,000 each while Justice Itsueli sentenced Jonathan to three years imprisonment or a fine of N200,000.
The two judges ordered that all the convicts should forfeit their phones, balances in their various bank accounts and one Toyota Camry car to the Federal Government of Nigeria.
