The Economic and Financial Crimes Commission (EFCC), has secured the conviction of two individuals: Tobilola Olamide, popularly addressed as ‘TobiNation’; and Babatunde Peter Olaitan, also known as ‘TDollar’, for abusing the Nigerian currency.
The Federal High Court sitting in Ikoyi, Lagos, presided over by Justice Alexander Owoeye on Thursday, May 8, 2025, sentenced the duo to six months’ imprisonment each, with an option of a N200,000 fine.
They were arraigned separately on one-count charges bordering on tampering with Naira notes in violation of Section 21(1) of the Central Bank Act, 2007. Both pleaded guilty to the charges.
According to the EFCC, the incident occurred on April 8, 2025, at a social event held at 23 Macdonald Road, Ikoyi. The convicts were captured in viral TikTok videos spraying N200 notes while dancing, an act considered a criminal offense under Nigerian law.
During the hearing, EFCC investigative officer Ibrahim Bukar told the court that the agency initiated a TikTok-based intelligence probe on April 10, leading to the identification and invitation of the suspects.
“Olaitan admitted to spraying the Naira at a nightclub after a fan gifted him a bundle of N200 notes,” Bukar said.
The prosecution, led by counsels C.C. Okezie and H.U. KofarNaisa, tendered video evidence and the defendants’ extrajudicial statements, all of which were admitted by the court.
Justice Owoeye subsequently convicted the defendants and handed down the sentence, warning that such acts undermine the integrity of the national currency.
Source: Daily Post
