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.

Damilola Yusuf     Oro Grammar School Old Students Association     Christopher Tunji Ayeni     Tunji Folami     IF-K     Wahab Olasupo Egbewole     Guber Aspirant     The Herald     Ibrahim Akaje     Quranic Recitation Competition     Afonja     Okanlawon Musa     Suleiman Yahya Alapansapa     Solomon Edojah     Prince Sunday Fagbemi     Aminu Adisa Logun     Ahmad Lawan     Edret Sabi Abel     Kamoru Kadiri     Nigerian Medical Association     Yakub Ali-Agan     Muritala Olarewaju     Kaiama     Peter Amogbonjaye     Yekeen Alabi     Universal Basic Education Commission     Jimoh Lambe Abdulkareem     Woro     Ojo Fadumila     Medinat Folorunsho Salman     Funmilayo Braithwaite     Nigeria Computer Society     Theophilus Oyebiyi     Issa Baba     Sheriff Olanrewaju     Muhammed Mahe Abdulkadir     Elekoyangan     Samuel Adaramola     United Nigeria Airline     Fulani     Moses Salami     Olokoba Sulyman     Sobi Specialist Hospital     James Ayeni     Salaudeen Oyewale     Grillo     Aliyu Alhassan     Kulende     Y.A. Abdulkareem     PAACO-PCL Consortium     Ramadhan     Magaji Nda     Hussein Oloyede     Rafiu Ibrahim     Oloje     Folorunsho Erubu     Clement Yomi Adeboye     NTA Ilorin     Share     Saka Balikis Kehinde     Olaoye B. Felix     Okin Malt     Yusuf A. Usman     Ishak Mohammed Sabi     Kishira     Ahmed Idris Mohammed     NSCIA     Omu-aran     Christopher Odetunde     Saliu Alamoyo     High Court     Yusuf Arowosaye     Ishaq Salman     Bamikole Omishore     Yomi Adeboye     Bayer Nigeria Limited     Oniwasi Agbaye    

Cloud Tag: What's trending

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

Niguel Gallando Marcias     Ronke Adeyemi     Tosin Saraki     Jaigbade Alao     Anilelerin     Toyin Saraki     Neo Mundo Ltd     Sheu Ndanusa Usman     T And K FOODS     Nigerian Correctional Service     Maimunat Oloriegbe     Lanre Olosunde     Hijab     SAPZ Project     Henry Makinwa     Bashir Omolaja Bolarinwa     Chief Imam Of Omu-Aran     Omotoso Musa     Road Transport Employers Association Of Nigeria     Ile Arugbo     Boko Haram     Sunday Popo-Ola     Garment Factory     Zulu Gambari     Al-Adaby     IDPU     Mohammed Khadijat Kubura     Ado Bayero     Ganiyu Taofiq     Pakata     New Nigeria People’s Party     Irepodun     Salake     Students Union Government     Arik     Tope Daramola     Forgo Battery Company Limited     Sarafadeen Kayode Akorede     Ibrahim Taiwo Road     Cassava Growers\' Association     Omu-aran     Nigerian Supreme Council For Islamic Affairs     Olokoba Abdullahi Ayinla     Yusuf Abdulraheem     Age AbdulKareem     Ahmad Fatima Bisola     Hajj     Ophthalmological Society Of Nigeria     Aliyu Muhammed     Amusement Park     Saudat Abdulbaqi     Wale Oladepo     Police Commissioner     Okanlawon Taiwo     KW-GIS     Muhammad Yahya     Suleiman Rotimi Iliasu     Ilorin South     Taofik Mustapha     Ibrahim Mohammed     Obayomi Azeez     Monthly Sanitation     Borgu     11th Galadima     Erubu     PharmAccess Foundation     IESA     Tsaragi/Share     Saka Balikis Kehinde     Towobola Abdulrahman Toyin     Bayo Ajia     AIT Ilorin     AbdulRazaq AbduMajeed Alaro     Jaiz Bank     Mohammed Danjuma     Abdulkarim Adisa     Kwara State Football Association