The Economic and Financial Crimes Commission, EFCC disclosed to the public that the agency cannot prosecute old cases of naira abuse, adding that the Special Task Force against Naira Abuse and Dollarisation of the Economy was established on February 7, 2024. According to a statement released by Dele Oyewale, the commission's Head of Media & Publicity, “Increasingly, members of the public are drawing the attention of the Commission to video recordings of abuse of the Naira by Nigerians from all walks of life.

The Oyo State Police Command issued a statement that joint security task force arrested 20 suspected Yoruba nation agitators who invaded the Oyo State Government Secretariat, Agodi in Ibadan, the capital of the state around 0900am on Saturday. The statement reads in part, “The suspects, who were on military camouflages came heavily armed in an unregistered silver-coloured Nisssan Urban bus containing cutlasses, pump action rifles, cartridges, assorted charms and Oodua nation agitation flag.

A Central Bank of Nigeria (CBN) employee, Mr Monday Osazuwa, on Friday, told an Ikeja Special Offences Court how the former apex bank governor, Godwin Emefiele, on different occasions, directed him to collect three million dollars cash in tranches. Osasuwa, while being led in evidence by the Economic and Financial Crimes Commission (EFCC) counsel, Mr Rotimi Oyedepo (SAN), said he was a dispatch rider in Zenith Bank in 2001 before he joined the CBN in 2014.

A High Court sitting in Ikeja, Lagos, has granted bail to former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in the sum of N50 million 26-count charges bordering on abuse of office.

The Federal High Court in Lagos, on Friday, sentenced controversial crossdresser, Idris Olarewaju Okuneye, popularly known as Bobrisky, to six months imprisonment without the option of a fine for abusing the naira. This judgment was delivered by Justice Abimbola Awogboro, who, in her sentence, said the judgment will serve as a deterrent to others who are fond of abusing and mutilating the naira. Before the sentence, the judge asked Bobrisky about his sex, and he quickly replied that he was a man.

The Lagos State High Court sitting in Ikeja on Monday ordered the remand of the former Central Bank Bank (CBN) Governor, Godwin Emefiele, in the custody of the Economic and Financial Crimes Commission (EFCC). Justice Rahman Oshodi gave the remand order over alleged abuse of office and $5.5 billion and N2.8 billion fraud. Emefiele will remain behind bars until Thursday when the judge will determine his bail application. However, the judge remanded Emefiele's co-defendants, Herry Omoile, in the custody of the Nigerian Correctional Services.