Tee dollar arrested over naira abuse

The Lagos zonal Directorate 1 of Economic and Financial  Crimes Commission, EFFCC, on Thursday, May 8, 2025, secured the conviction and sentence of the duo of Babatunde Peter Olaitan popularly known as Tee Dollar of tiktok and Tobiola Olamide to six months imprisonment each for multilation of the naira notes. they were jail by Justice Alexander Owoeye of the federal High Court sitting in ikoyi, Lagos

The convicts were arraign on a seperate one count charge of tampering with the naira notes and spraying, to which they each pleaded “guilty”

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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, whi, st 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 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 Dollar, 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 a video

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