The case before the Fatshimetrie court has recently attracted considerable attention, following a landmark decision. Justice Kehinde Ogundare dismissed the charge following the adoption of settlement terms between the parties to the suit.
Nigeria’s Economic and Financial Crimes Agency (EFCC) had initially charged Okechukwu with three counts for allegedly throwing and tampering with naira notes during a social event at the Eko Hotel in Lagos. He had pleaded not guilty and was granted bail of N10 million.
During the last hearing on May 2, the defense lawyer, Chikaosolu Ojukwu (SAN), had informed the court that the parties were considering a settlement and requested that the matter be settled under Rule 14 (2) of the EFCC Act.
As a result, she requested the withdrawal of a preliminary objection filed by the defense, and since no objection was raised by the prosecution, the court accepted it. The matter was therefore adjourned until June 5 for an accounting of the settlement.
On June 5, the case could not proceed due to the absence of the defense lawyer, who reportedly wrote to the court requesting a postponement. The case was again adjourned until June 25 for an accounting of the settlement. When the case was called on Tuesday, Bilikisu Buhari appeared for the prosecution, while Chikaosolu Ojukwu (SAN) represented the defence.
Bilikisu informed the court that the prosecution had filed the terms of settlement dated June 24 and adopted them. In response, the defense attorney said he agreed with what the prosecutor said and also adopted the terms.
This decision was praised not only for its clarity and transparency, but also for its impact on the image of the judicial system. It is essential that all citizens respect the laws and ensure the proper use of the national currency.
The content of the settlement involves a series of actions and obligations that the defendant must strictly respect. It is encouraging to see a commitment to the prevention of financial crimes and awareness on the proper use of notes and coins issued by the Central Bank of Nigeria.
Finally, this case highlights the importance of individual responsibility and collective awareness to prevent financial crimes and promote respectful use of the national currency.
In conclusion, the court’s decision to dismiss the charge following a settlement agreement between the parties highlights the importance of dialogue, accountability and the prevention of financial crimes in a just and equitable society.