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Businessman Jailed Over Naira Rejection

A Lagos based businessman identified as Uzondu Precious Chimaobi has been sentenced to four years imprisonment for his refusal to accept the Naira as mode of payment for purchase of a Cartier diamond bracelet worth $5700

Chimaobi who is the proprietor of Unlimited Jewellers Limited was convicted and sentenced by Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, April 15, 2025.

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