Kwara police arrests 13 for illegal trade in naira

Date: 2018-12-04

The men of Kwara State Police command have arrested 13 people for alleged illicit sales of Nigerian currency notes.

The suspects, among whom were three females, were rounded up by policemen at the Oja Tuntun area of Ilorin, the state capital on Friday.

The suspects are staff of Lasoju Printing Press, situated at Oja Tuntun area, belonging to a certain Alhaji Abdulrasaq Lasoju.

Parading the suspects at the state police headquarters, the state Police spokesperson, DSP Ajayi Okasanmi noted, the security agency is working in collaboration with the Central Bank of Nigeria(CBN) in fighting the illegal sales of naira notes.

He stressed that it is criminal to hawk, sell or trade in naira notes and coins issued by the apex bank, saying, "it is contrary to the CBN Act section 20 and 21, which makes the selling or trading in Nigeria currency a punishable offence."

He said that the police recovered from the suspect's huge amount of money consisting of various denominations during the arrest.

"Investigation into the matter is ongoing to ascertain the source or sources of the naira notes," he added.

The spokesperson vowed that the police and the CBN will continue the clamp down on perpetrators of the offence, which is punishable by law.

"Members of the general public are hereby warned against spraying of naira notes at occasions, soiling, writing on the naira, squeezing and all other abuses of the Nigerian currency.

"They should desist from acts of abuse of the naira as the currency is one of the symbols of Nigeria's identity," Okasanmi noted.

He disclosed that the suspects will be charged to court upon conclusion of investigation into the matter.

However, while fielding questions from newsmen, one of the suspects, Abdulkareem Adebayo said their company deals in changing naira notes for clients.

"It is my boss' business. Some of those arrested do not work with us; they were at our office to change their money to new naira notes.

On how they transact business, Adebayo explained that they charge N300 over every N1,000 they change into new N50 notes.

The suspect who claimed not to have knowledge of the source of the money, said he left Lagos, his former base for Ilorin to join the business.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Third Estate     Femtech     IESA     Abdulkarim Adisa     Shade Omoniyi     Babaloja-General     Kpotum Mohammed Baba     Abubakar Baba Sulaiman     Gobir Organization Foundation     Nigerian Supreme Council For Islamic Affairs     Fatai Garuba Labaka     Nagode     Ballah     Yeketi     Oya State     Al-Hikmah University     Abdulrahman Abdulrasak     Adaramaja     Saliu Alamoyo     Alfa Modibo Belgore     Allocation     Public Holiday     Igosun     Erubu     Kayode Ogunlowo     Ramadhan     Ilorin.Info     Dairo Kunle Paul     Oniwasi Agbaye     Atiku Abubakar     Kwara Metro Park     Omu Aran     Asa     Siraj Oyewale     Trader Moni     Idris Garba     Abioye Bello     Olukotun Of Ikotun     Oyelere Oyinloye     SUBEB     ENetSuD     UITH     Amule     Jumoke Monsura Gafar     Abdulmumini Jawondo     Musa Yeketi     Ibrahim Akaje     Baba-Isale     Umar Gunu     Mustapha AbdulGaniyu     Saad Omo\'ya     Rafiu Ajakaye     Peter Amogbonjaye     Basic Education Certificate Examination     Olushola Saraki     Kwara State Football Association     Lanre Issa Onilu     Mahfouz Adedimeji     Niyi Osundare     Ishaq Salman     Universal Basic Education Commission     Yemi Osinbajo     Afetu Of Alabe     Sayomi     Abatemi Usman     Taofeeq Olateju     Raji AbdulRasaq     Temitope Ogunbanke     Femi Ogunsola     Alabere     Balogun Fulani     AbdulKareem Yusuf Danhawa     KWASSIP     Oyin-Zubair     Ibrahim Issa Jetti     Abdulrosheed Okiki     Mohammed Haruna    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Jebba     Abdulganiy Abimbola Abdussalam     David Adesina     Bashir Badawi     Folashade Omoniyi     Abubakar Baba Sulaiman     Dar-Al-Handasah Consultants     Garment Factory     Kwara 2019     KWACOBPA     Mary Kemi Adeosun     Aisha Ahman Pategi     Gbugbu International Market     Kayode Alabi     JAAC     Idi-Ape     Muideen Olaniyi Alalade     Isiaka Gold     Jumoke Monsura Gafar     Tsaragi-Share     Maja     Olatunde Jare     Falokun-Oja     Ishak Mohammed Sabi     Adijat Adebiyi     Mohammed Danjuma     Tinubu     Orisa Bridge     HYPPADEC     KWASAA     Abdullahi Adisa Akodudu     Ramadan     Kwara State Branch Of The National Library     Paul Olawoore     Muhammad Sirajo Aliyu     Muhammed Mahe Abdulkadir     LABTOP     Ibrahim Akaje     Umar Ayinla Saro     Omu Aran     Fatimat Saliu     Memunat Monsuma     Amasa     Abdulrasheed Na\'Allah     Tunde Saad     NAWOJ     Ike Ekweremadu     Aisha Ahman-Pategi     Oba Sulaiman Asude     Fareedah Dankaka     Olubukola Kifayat Adedeji     Yetunde Balogun     College Of Education     Bilikisu Gambari     Centre For Peace And Strategic Studies     March 28     Kwara State Sports Commission     Balogun Gambari     Ilorin Descendants Progressive Union     Al-Adaby     Adebara     Sadiq Buhari     Post-utme     Bursary     Women Radio     Mashood Abdulrafiu Agboola     Senate President     Abdulrauf Aliyu     Idowu Aremu     JAMB     Suleiman Alege Kuranga     Third Estate     Osinbajo     Ayodele Shittu     Sarafadeen Kayode Akorede     Ilota     Bayo Onimago