CONTACT US 08072633727 📲 on WhatsApp/Call📞
For your Advert, Publicity, Birthday Greetings, Press Release, Promotional Content, Special Report, Featured story, Event Coverage, Conference, Interviews, And So On.

CBN, Security Operatives move to arrest Offenders peddling new naira notes


The Central Bank of Nigeria, alongside other security agencies, has intensified efforts to arrest Nigerians selling new Naira notes.

Already Officials of the Department of State Services, in conjunction with CBN, and the Nigerian Security and Civil Defense Corps, have arrested 14 persons, including a lady.

Those arrested were charged with illegally selling new naira notes in the streets. Kano state, ThisDay reports.

The State Commandant of the NSCDC, Adamu Zakari, disclosed this while parading the suspects at the NSCDC State Headquarters in Kano.

He said the suspects were apprehended during a joint operation in the metropolis as part of efforts to check the illegal act, which contravened the CBN Act.

ALSO READ  Go About Legitimate Foreign Exchange Transactions Without Fear - CBN Urges Nigerians

The clamp down on the new naira vendors and sellers is hinged on the CBN Act, Section 20 to counterfeit, hawk, sell or otherwise trade the naira notes, coins or any other note issued by the bank”

“Investigations have already commenced to ascertain the source or otherwise of the naira notes recovered from the suspects.”

Zakari, listed the suspects as:

“Alhaji Ubandi Hotoro,82, Haruna Yahaya, 42, Rabiu Ibrahim, 34, Ismaila Umar, 20, and Nura Aminu, 45, Nasiru Adamu, 40, and Nazef Lawal, 20. “Others were Sulaiman Tijjani, 35, Mustapha Haruna, 47, Aminu Jibril, 23, Lawal Ibrahim, 40, Abubakar Jibril, 45, Abdullahi Hassan, 30, and Fatima Ibrahim, 30.”

ALSO READ  CBN Minimizes ATM Charges, Inter-bank Transfer Fees

The Punch also reports that Zakari said the NSCDC, the DSS and the CBN would continue to clamp down on the perpetrators of the illegal act, which was a punishable offence under the CBN Act.

Other offences he stated are:

“For the avoidance of doubt, act of spraying the naira notes at occasions, soiling and writing on it, squeezing, handling as well as counterfeit of the country currency notes are abuse of the naira and are punishable by the law,”

Do you have any information you wish to share with us? Do you want us to cover your event or programme? For Adverts or reports call/WhatsApp us on +2348072633727

Leave a Reply

Your email address will not be published.