Popular TikToker, Babatunde Peter Olaitan, also known as Teee Dollar, and one Tobilola Olamide a.k.a. TobiNation, have been sentenced to six months imprisonment each, by a Federal High Court sitting in Ikoyi, Lagos, for abusing Naira; the Nigerian currency.
The sentence was handed down by Justice Alexander Owoeye on Thursday, May 8, 2025, after the duo pleaded guilty to separate one-count charges of tampering with Naira notes during a social event held at 23 Macdonald Road, Ikoyi, on April 8, 2025.
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) secured the conviction following an intelligence-led investigation that traced a viral TikTok video showing the convicts spraying N200 notes while dancing.
EFCC stated that the video, which circulated widely on TikTok, triggered the agency’s probe into the incident.
“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,” testified Ibrahim Bukar, an investigative officer with the Commission.
The charge against Olaitan read: “That you, BABATUNDE PETER OLAITAN, on 8th April 2025… tampered with funds in the denomination of N200 issued by the Central Bank of Nigeria by spraying it, and you thereby committed an offence contrary to and punishable under Section 21(1) of the Central Bank Act, 2007.”
A similar charge was read to Olamide, with both individuals admitting guilt during arraignment.
Justice Owoeye convicted and sentenced the defendants to six months imprisonment each, with an option of fine, underscoring the government’s renewed clampdown on Naira abuse.
The EFCC has consistently warned against the spraying and mutilation of the Naira, stating that such actions not only violate the Central Bank Act but also undermine the integrity of the national currency.
Also, many celebrities like Pascal Chibuike Okechukwu a.k.a Cubana Chief Priest, Comedian Ayo Makun(AY), Actress Iyabo Ojo have been guests of the anti-graft agency at different times for public abuse of Naira.
Billionaire businessman, Emeka Okonkwo (E-Money) was arrested last month for allegedly spraying both naira and US dollars at public events, while the controversial social media influencer and cross dresser, Idris Okuneye, popularly known as Bobrisky, was sentenced to six months in prison for similar acts of naira abuse, last year.
