A 38-year-old businessman, Kelechi Ezechukwu, allegedly found in possession of fake currencies, was on Thursday arraigned before a Kaduna High Court.
The defendant, a resident of Ungwan Pama, Kaduna, is being prosecuted by the Economic and Financial Crime Commission (EFCC) on two-counts of fraud and unlawful possession of counterfeit currencies.
The Counsel to commission, K. C. James, told the court that the defendant committed the offences on April 24, at Kawo, Kaduna.
James stated that the defendant was found in possession of N200,000 in fake Naira currencies and fake $2,000.
The prosecutor said the defendant was arrested at a bank where he had gone to deposit the N200,000.
According to James, a body search of Ezechukwu after his arrest led to the discovery of the fake $2,000.
He said that the offences were punishable under sections 308 and 347 of the Penal Code of Kaduna State, 2017.
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“Section 308 stipulates five years jail term if found guilty while Section 349 stipulates a 21 years jail term if found guilty.
Justice Darius Khobo granted the defendant bail in the sum of N500,000 with two sureties in like sum.
Khobo ordered that the sureties must reside within the jurisdiction of the court and must present evidence of three years tax payment to the Kaduna state government.
He further ordered that one of the sureties must be a blood relation and subsequently adjourned the case until May 30, for hearing.
(NAN)
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