Nigeria, May 5 -- The Federal High Court in Ikoyi, Lagos, on Friday, convicted Folake Adeoti, an ex-convict, of hawking the naira.

She was convicted alongside Modupe Adewuyi, a press statement on Sunday by the prosecuting agency, Economic and Financial Crimes Commission (EFCC).

The judge, Yellin Bogoro, sentenced the duo to one year imprisonment after they both pleaded guilty to one count of hawking naira notes.

However, while Ms Adewuyi was given the option of paying N500,000 fine in lieu of imprisonment, Ms Adeoti, the ex-convict, was sentenced to one year jail term without an option of fine.

EFCC said Ms Adeoti and Ms Adewuyi were arrested on 21 March along Jobi Fele Way, Ikeja, Lagos, while hawking naira notes to the tune of N3,85...