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.

Sebastine Obasi     Ibrahim Orire     Photo News     Alabi Lawal     Usman Rifun     Lukman Adeloyin     GAMA     Sabi     Ojo Isekuse     Abubakar Imam     Bolakale Kawu Agaka     Ayo Opadokun     Kwarareports.com     Alimi     Maryam Nurudeen     Idofin     Mohammed Alabi Lawal     Olatunji Ibrahim     Issa Baba     David Oyerinola Adedunmoye     Femi Ogunsola     Hassan Abdulazeez Elewu     Sadiq Buhari     Aasiyat Bello Oyedepo     Oke-Kura     Okin Biscuits     Susan Modupe Oluwole     Segun Olawoyin     Kayode Ogunlowo     Saudat Abdulbaqi     AbdulFatai Adeniyi Dan-Kazeem     Baba Issa     JMK Construction Company Limited     Federal Allocation     Saliu Oluwole     SWAN     Damilola Yusuf Adelodun     KWAFFA     Idowu Laro     Ibrahim Oloriegbe     Samari     Yusuf Amuda Aluko     Muhammed Aliyu     Madawaki     Guber Aspirant     Omar Gambari     Shehu Jimoh     Ajibola Ademola Julius     Simeon Sule Ajibola     Sobi Hill     Musa Yeketi     Oke-Ero     Amuda Musbau     Local Government     Oloye     Ilorin.Info     Olatunji Abdulmumeen     Ronke Adeyemi     Okanlawon Musa     Ogidi-Oloje     Abatemi-Usman     Turaki     General Hospital, Offa     Taibat Ayinke Ahmed     Kayode Laro     Makama Of Ilorin     Majlis For Sadakah, Zakat And Waqf     Salman Alada     Saliu Shola Taofeek     Kale Kawu     Muhammed Abdullahi     Abdulmajeed Abdullahi     Abdullahi Biffo     ASUU     Communication Network Support Services     Lola Olabayo     Ilorin South Constituency    

Cloud Tag: What's trending

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

Bola Iyabo Ibiyeye Adisa     Shade Omoniyi     Funmilayo Braithwaite     Lukman Oyebanji Fagbemi     Mufutau Olatinwo     Olokoba Abdullahi Ayinla     Moshood Mustapha     Isiaq Khadeejah     Olatunji Abdulmumeen     Offa Metropolitan Club     Ganiyu Taofiq     KWIRS     JMK Construction Company Limited     Haliru Yahaya     Lawyers Unite Against Corruption     Abdulganiyu Oladosu     Wakilin Mata Lafiagi     Quareeb Islamic Association     Tayo Awodiji     Smart School     Sadiq Umar     REO CAKES     Maimunat Oloriegbe     Risikat Lawal     Abubakar Abdullahi Bata     Siraj Oyewale     Afeyin-Olukuta     Gbajabiamila     Kayode Bankole     Bola Ahmed Tinubu     Atiku Abubakar     Ajibike Katibi     Saliu Shola Taofeek     TETFUND     Kwara State Pension Board     Kwara Central     Oluwole Dupe     Saheed Alakoso     Kazeem Adekanye     Sa\'adu Salahu     Ilorin     Ibrahim Bio     All Confederation Of Principals Of Secondary Schools     Irepodun     Vasolar     Kwara United     Revenue Court     Ndama Al-hassan     Jumoke Gafar     Tunde Mukaila Mustapha     Okanlawon Musa     Unilorin FM     Nnazua     Isin     Iyaloja-General     Malete     Salihu Ajibola Ajia     Aliyu Sabi     Oke-opin     Unicontinental Construction Company     Sidikat Alaya     Ishola Balogun Fulani     Buari Edun     KWSUED     Eghe Igbinehin     Dan-Kazeem     Ahmed \'Lateef     Code Of Conduct     PharmAccess Foundation     Yusuf Amuda Abubakar     Elese Of Igbaja     Kupchi Hosea Maxwell     Alloy Chukwuemeka     Olatunde Oyeyiola     Iyabo Adisa Ibiyeye     Trade Lenda SME Fair     Gafaru Olayiwola Olorisade