Nigeria, April 16 -- The Federal High Court in Lagos on Tuesday jailed a jeweller for refusing to accept naira as a legal tender.

Judge Alexander Owoeye convicted Precious Uzondu after he changed his initial not-guilty plea to guilty on Monday.

Earlier this month, the Economic and Financial Crimes Commission (EFCC) charged him with two counts of rejecting naira and accepting $5,700 last December for the sale of a Cartier diamond bracelet.

Delivering judgment, on Tuesday, the judge found the defendant guilty of both counts, the EFCC said in a statement.

Mr Owoye imposed a N50,000 fine as sentence for the first count.

He sentenced the defendant to four years imprisonment, though with an option of N600,000 fine, for the second count.

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