Command of the Economic and Financial Crimes Commission, EFCC on Friday, March 15, 2024 secured the conviction and sentencing of one Bose Lateef before Justice Deinde Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, for an offence bordering on money racketeering.
She was arraigned by the EFCC on a one- count charge bordering on Naira Racketeering under Section 21(4) of the CBN Act.
The count reads: “That you, BOSE LATEEF on or about the 16 day of February, 2024 al Eko Club, Surulere, in Lages within the jurisdiction of this Honourable Court hawked the sum of N269,000.00 (Two Hundred and Sixty Nine Thousand Naira), in N500 (Five Hundred Naira) denominations, issued by the Central Bank of Nigeria and thereby committed an offence contrary lo 21(4) and punishable under Section 21(1) of the Central Bank of Nigeria Act. 2007.”
She pleaded “guilty” to the charge preferred against her.
Following her guilty plea, counsel to the EFCC, A.S. Wara called on Olagunjo Abdulmalik, an operative of the EFCC, to review the facts of the case.
Abdulmalik told the court that the defendant was arrested on February 15, 2024 while hawking Naira notes at Eko Club, Surulere, Lagos, following credible intelligence received by the Commission.
Speaking further, he said the sum of N507,500 (Five Hundred and Seven Thousand, Five hundred Naira) was recovered from her at the point of arrest.
