The Economic and Financial Crimes Commission just announced via their Instagram page that they have sentenced two content creators, Tee Dollar and Tobi Nation, for the “mutilation of the Naira notes”.
They revealed that the two men were arrested and charged with tampering and spraying Naira notes at an event, to which they pleaded guilty.
On Thursday, May 8, 2025, they were sentenced to 6 months in jail with the option to pay a fine of ₦200,00 by Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos.
The statement released to the public:
“Court Jails Two Six Months for Naira Abuse in Lagos
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Thursday, May 8, 2025, secured the conviction and sentence of the duo of Babatunde Peter Olaitan and Tobilola Olamide to six months imprisonment each for mutilation of the Naira notes.
They were jailed by Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos.
The convicts were arraigned on a separate one-count charge of tampering with the Naira notes and spraying, to which they each pleaded “guilty”.
The charge against Olaitan reads: “That you, BABATUNDE PETER OLAITAN, on 8th April 2025, at 23, Macdonald Road, Ikoyi, Lagos, within the jurisdiction of this Honourable Court, whilst dancing during a social event, tampered with funds in the denomination of N200 (Two Hundred Naira) issued by the Central Bank of Nigeria by spraying it, and you thereby committed an offence contrary to and punishable under Section 21(1) of the Central Bank Act, 2007.”
The charge against Olamide reads:”That you, TOBILOLA OLAMIDE A.K.A TobiNation, on 8th April 2025, at 23 Macdonald Road, Ikoyi, Lagos, within the jurisdiction of this Honourable Court, whilst dancing during a social event, tampered with funds in the denomination of N200 (Two Hundred Naira) issued by the Central Bank of Nigeria by spraying it, and you thereby committed an offence contrary to and punishable under Section 21(1) of the Central Bank Act, 2007.”
In view of their pleas, prosecution counsel, C.C. Okezie and H.U.KofarNaisa, respectively, reviewed the facts of the cases through Ibrahim Bukar, an investigative officer with the EFCC.
In his evidence, Bukar specifically told the court that the Commission, on April 10, 2025, generated an intelligence-driven investigation on TikTok, where Olaitan, also known as TDollar, was seen spraying Naira notes.
He also told the court that “Upon the approval of the intelligence by the Zonal Director, a letter of investigation was sent to the defendant, requesting him to make a statement regarding the video.”
The post:
