A 19-year-old man, Solomon Banabas, has been arraigned by the police before an Ikeja Magistrate Court in Lagos, over alleged unlawful possession of fake naira notes totaling N14,000.
Banabas told the court that he was guilty as charged.
The prosecutor, Edet Okoi, informed the court that the accused was caught with the fake notes on October 11 along Lagos-Ibadan Expressway.
Okoi said: “The accused was stopped by the police. A search was conducted on him and fake N1,000 notes, totaling N14,000 were found on him.”
Okoi pointed out that the accused could not give a satisfactory explanation of how he came about the fake notes.
He said the offence contravened Section 78 of the Criminal Code, Laws of Lagos State, 2011.
However, presiding Magistrate J.A. Anabor, ruled that judgment in the matter will be delivered on October 31.