The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, has secured the conviction of the duo of Babatunde Peter Olaitan and Tobilola Olamide for six months’ imprisonment each for mutilation of the legal tender.
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.”
Given 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.
