• About us
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, September 7, 2025
  • Login
NewsPeg Magazine logo
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
NewsPeg Magazine logo
No Result
View All Result
Home Uncategorized

Man Docked for Possessing Fake $4,350 in Lagos

Admin by Admin
April 11, 2025
in Uncategorized
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on Whatsapp

By Nkechi Eze

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission EFCC, on Thursday, April 10, 2025, arraigned one Moshood Mustapha Olanrewaju on a four-count charge bordering on alleged currency counterfeiting before Justice Yellin Bogoro of the Federal High Court sitting in Ikoyi, Lagos.

Dele Oyewale the commission’s spokesperson disclosed in an official signed statement that Olanrewaju is facing trial for alleged possession of 98 pieces of $50 USD, totaling $4,350 USD

One of the counts reads: “That you, Moshood Mustapha Olanrewaju (Male), adult, sometime in January, 2025, in Lagos State, within the jurisdiction of this Honourable Court, had in your possession 21 pieces of counterfeit $50 USD (Fifty United States Dollars) bank note,  totaling $1,050 (One Thousand and Fifty United States Dollars), with  serial numbers MB61754676C, MB61754979C, MB61754988C, MB61754449C, MB61753319C, MB61753235C, MB61753885C, MB61754732C, MB61754432C, MB61754435C, MB61753868C, MB61753216C, MB61753103C, MB61753126C, MB61753124C, MB61754037C, MB61753352C, MB61753866C, MB641753346C, MB61753352C and MB61753363C, knowing the same to be counterfeit and thereby committed an offence contrary to Section 5 (1) (b) and punishable under Section 5 (2) of the Counterfeit Currency (Special Provisions) Act, Cap C35, Laws of the Federation Of Nigeria, 2024.”

Another count reads: “That you, Moshood Mustapha Olanrewaju (Male), adult, sometime in January, 2025 in Lagos State, within the Jurisdiction of this Honourable Court, had in your possession 26 pieces of counterfeit $50 USD (Fifty United States Dollars) bank note totaling $1,300 (One Thousand Three Hundred United States Dollars), with  serial numbers MB61753344C, MB61753471C, MB61753133C, MB61753302C, MB61753228C, MB61753812C, MB61754665C, MB61 753138C, MB61753851C, MB61753272C, MB61753782C, MB61753115C, MB61753470C, MB61753888C, MB61753898C, MB61754441C, MB61753833C, MB61753872C, MB61754437C, MB61753367C and MB61754675C knowing the same to be counterfeit and thereby committed an offence contrary to Section 5 (1) (b) and punishable under Section 5 (2) of the Counterfeit Currency (Special Provisions) Act, Cap C35, Laws of the Federation of Nigeria, 2024.”

The defendant, however, pleaded  not guilty to the charges when they were read to them

In view of his plea,  prosecution counsel, Zeenat Atiku, asked for a trial date and also urged the court to remand him in the custody of the Nigerian Correctional Service, NCS. pending the commencement of trial.

The defence counsel, in his response, asked the court for a short date to enable him file a bail application on behalf of his client

Justice Bogoro adjourned the matter till June 9, 2025 for trial and ordered that the defendant be remanded in the custody of the  Correctional Service.

ShareTweetSend
Previous Post

Alleged N5.78bn Fraud: Another Witness Confirms Ex-Governor Ahmed’s Kwara UBEC Loan

Next Post

Courts Jail Five for Fraud in Kaduna

Admin

Admin

Related Posts

Police Foil Child Trafficking Attempt in Nasarawa, Rescue Three Children
Uncategorized

Police Foil Child Trafficking Attempt in Nasarawa, Rescue Three Children

September 5, 2025
China Pledges Deeper Trade, Cultural Ties with Nigeria at 2025 Culture and Tourism Festival in Abuja
Uncategorized

China Pledges Deeper Trade, Cultural Ties with Nigeria at 2025 Culture and Tourism Festival in Abuja

August 30, 2025
FG Commends Former Permanent Secretaries’ Council for Advisory Role in National Development
Uncategorized

FG Commends Former Permanent Secretaries’ Council for Advisory Role in National Development

August 28, 2025
Next Post

Courts Jail Five for Fraud in Kaduna

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Choice

INEC Records 69,376 Online Voter Pre-Registrations Within First Seven Hours of CVR Kickoff

INEC Moves Voter Registration to Ward Level in FCT Ahead of 2026 Elections

September 5, 2025
CDS Hails Finnish Court’s Six-Year Jail Term for Simon Ekpa, Describes It As Victory Against Terrorism

CDS Musa Felicitates With Troops, Nigerians on Eid el-Maulud, Reaffirms Commitment to Peace and Unity

September 5, 2025
  • Trending
  • Comments
  • Latest
Imo Monarch Raises Alarm as 22-Year-Old Abandoned Road Threatens to Cut Off Okwuohia Community

Imo Monarch Raises Alarm as 22-Year-Old Abandoned Road Threatens to Cut Off Okwuohia Community

August 26, 2025
NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

June 24, 2025
FG Rescues 11 Nigerian Miners Stranded in Central African Republic, Brings Them Home Safely

FG Rescues 11 Nigerian Miners Stranded in Central African Republic, Brings Them Home Safely

August 15, 2025

NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

May 7, 2025

MEDIA FOUNDATION SEEKS UPGRADED DIGITAL INFRASTRUCTURE IN NIGERIA

4

Easter/Eid-el-Fitr: FRSC Records Massive Reduction in Road Crashes.

2
GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

2

IDENTIFYING BARRIERS TO WOMEN’S POOR REMUNERATIONS, IT’S EFFECTS ON HOUSEHOLD.  LACK OF INCLUSIVE LABOUR LAWS?

2
INEC Records 69,376 Online Voter Pre-Registrations Within First Seven Hours of CVR Kickoff

INEC Moves Voter Registration to Ward Level in FCT Ahead of 2026 Elections

September 5, 2025
CDS Hails Finnish Court’s Six-Year Jail Term for Simon Ekpa, Describes It As Victory Against Terrorism

CDS Musa Felicitates With Troops, Nigerians on Eid el-Maulud, Reaffirms Commitment to Peace and Unity

September 5, 2025
Nigerian Air Force Trains 165 Personnel in Administrative and Support Roles to Bolster Airpower

Nigerian Air Force Trains 165 Personnel in Administrative and Support Roles to Bolster Airpower

September 5, 2025
Police Foil Child Trafficking Attempt in Nasarawa, Rescue Three Children

Police Foil Child Trafficking Attempt in Nasarawa, Rescue Three Children

September 5, 2025
NewsPeg Magazine

Newspeg is a General interest Magazine conceived by Nigerian Media practitioners of like minds across ethnic and geo-political divides of the country, for the purpose of creating uniqueness in Magazine reporting in Nigeria and repositioning the country for the needed growth.

Follow Us

  • About us
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Newspeg magazine - powered by Vecrit.

No Result
View All Result
  • Home
  • News
    • Business
    • World
  • Technology
  • Entertainment
  • Lifestyle
  • Editorial
  • Columns
  • More

© 2024 Newspeg magazine - powered by Vecrit.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In