Justice A.Okay Dagat of the Federal Excessive Court docket, Maiduguri, Borno State, on Thursday, Could 9, 2024, convicted and sentenced one Bana Alhaji Lawan to 1 12 months imprisonment.
Lawan was arrested and arraigned by the Maiduguri Zonal Command of the Financial and Monetary Crimes Fee (EFCC) on a one-count cost for finishing up bureau de change (BDC) companies with out an acceptable licence.
The lone depend learn: “That you just, Bana Alhaji Lawan between 2007 and 2024, in Maiduguri, Borno State inside the jurisdiction of this Honourable Court docket, did keep it up different monetary enterprise, to wit bureau de change enterprise with no license issued by Central Financial institution of Nigeria opposite to Sections 57(5) and 59 of the Financial institution and different Monetary Establishments Act, 2020.”
The defendant pleaded responsible to the cost when it was learn to him.
Counsels to the prosecution, Faruku Muhammad and A. D Aliyu, prayed the court docket to convict and sentence the defendant as charged whereas counsel to the defendant, H. Waziri, urged the court docket to mood justice with mercy.
Justice Dagat convicted and sentenced Lawan to one-year imprisonment with an choice of N100,000.00 positive.