Justice A. Dagat of a Federal High Court sitting in Maiduguri has convicted and sentenced one Bana Alhaji Lawan to one year imprisonment.
Lawan was arraigned by the Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on a one count charge for carrying out bureau de change businesses without an appropriate licence.
The lone- count read: “That you, Bana Alhaji Lawan between 2007 and 2024, in Maiduguri, Borno State within the jurisdiction of this court, did carry on other financial business, to wit bureau de change business without a license issued by Central Bank of Nigeria contrary to Sections 57(5) and 59 of the Bank and other Financial Institutions Act, 2020.”
The defendant pleaded guilty to the charge when it was read to him.
Counsel to the prosecution, Faruku Muhammad and A. D Aliyu prayed the court to convict and sentence the defendant as charged while counsel to the defendant, H. Waziri urged the court to temper justice with mercy.
Justice Dagat convicted and sentenced Lawan to one-year imprisonment with an option of N100,000 fine.
Lawan bagged his imprisonment when he was arrested for illegally operating a bureau de change business in Maiduguri.
He was charged to court and convicted.
