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April 5, 2024
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Bobrisky convicted for Naira abuse, sentencing delayed until April 9

The judge presiding over Bobrisky’s case has deferred the decision on his sentencing until April 9th, instructing for him to be held in the custody of the EFCC (Economic and Financial Crimes Commission) in the interim.

Before being convicted, Bobrisky appealed to the court, asserting his ignorance of the law concerning Naira abuse. However, the judge reminded him that ignorance of the law is not a valid defense, to which Bobrisky responded affirmatively, acknowledging his awareness.

Expressing remorse, Bobrisky implored the judge for leniency, pledging to utilize his substantial social media following—exceeding five million followers—to educate them on responsible monetary behavior, particularly regarding the practice of ‘spraying’ money. He promised to create educational content on his platform to deter others from repeating his offense.

According to the law, Bobrisky faces potential penalties of six months’ imprisonment, a fine of N50,000, or both, for violating Section 21(1) of the CBN Act 2007, which prohibits tampering with currency issued by the Bank.

Bobrisky admitted guilt to the first four counts of Naira abuse, while the EFCC’s counsel requested the dismissal of counts five and six related to money laundering, which the judge subsequently granted.

The proceedings commenced with Bobrisky’s arrival at the court in a white bus escorted by EFCC officials at 9:12 a.m. on Friday morning. His arrest earlier in the week by the EFCC stemmed from allegations of both Naira abuse and money laundering.

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