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.

Oke Sunna     Kassim Babamale     Kayode Laro     Gambari     NYSC     08001000100     Naira Redesign     Abdullahi AbdulMajeed     Olota Of Odo-Owa     Kunbi Titiloye     Micheal Imodu-Ganmo Road     Kwara NIPR     Adam Abdullahi Al-Ilory     Ahmed     Oloruntoyosi Thomas     Khairat Gwadabe     Iponrin     Segun Ogunsola     Taofik Abdulkareem Babaita     Olukotun Of Ikotun     Zubair Folorunsho Erubu     Abdulmajeed Wahab     Aliyu Olatunji Ajanaku     Sardauna     Emmanuel Bello     Mohammed Danjuma     Apaokagi     Wasiu Onidugbe     AbdulHamid Adi     Saliu Mustapha     David Oyedepo     Bolaji Abdullahi     NIRSAL     Sayomi     PAACO-PCL Consortium     Abdulrazaq Magaji     Lawyers Unite Against Corruption     Lateef Fagbemi     Bamidele Adegoke Oladimeji     Principal Private Secretary     Women For Change And Development Initiative     Tunji Arosanyin     Patience Jonathan     Issa Oloruntogun     Adamu Attah     Samuel Elizabeth Keatswa     CT Ayeni     Kwara Central     Bankole Omisore     Ajayi Okasanmi     First Lady     Dele Belgore     High Court     Atiku Abubakar     Ilorin East/South Federal Constituency     Gobir Organization Foundation     Shagari     Sheikh Ariyibi     Omu-aran     Abdulsalam Firdaous Amosa     Omar Bolaji Gambari     Yekini Adio     Olayinka Olaogun     Moses Adekanye     Sidikat Uthman Ajibola     Isiaka AbdulRazaq     Sabitiyu Grillo     Oba Abdulrahim     Funmilayo Oniwa     Bashir Adigun     Aisha Ahman Pategi     Khadijat Ayoola Yusuf     Saka Asiat Ayinke     Olabode George Towoju     Sarakite     Clement Yomi Adeboye     Tafida Of Ilorin    

Cloud Tag: What's trending

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

Naira Redesign     Tunde Saad     Towoju     Sarah Alade     Salman Jawondo     Yomi Adeboye     Dorcas Afeniforo     Olabanji Orilonishe     Oba Sulaiman Asude     Aliyu Kora-Sabi     Abdulrahman Abdullahi Kayode     Bukola Saraki     NIRSAL     Kayode Issa     Tinubu Legacy Forum     Onilorin Of Ilorin     Binta Abubakar-Mora     Borgu     Oba-Solagberu     Valsolar Consultoria     Yashikira     Kwara Metro Park     Awodun     Muhammad Sirajo Aliyu     Sulyman Tejidini     Ibrahim Oloriegbe     Academic Staff Union Of Universities     Babatunde Ajeigbe     Malete     Olatunji Ayeni     S.O. Opowoye     Haruna Olawale Sulaiman     Wahab Egbewole     Obayomi Azeez     Orisa Bridge     Muhammadu Buhari     Adamu Attah     Goodluck Jonathan     Suleiman Alege Kuranga     Aasiyat Bello Oyedepo     Jimoh Bashir     Harmony Holdings     Oniwa     Nupe     Jide Ashonibare     Veterinary Teaching Hospital     Umar Gunu     Bond     Muslim Media Watch Group Of Nigeria     Segun Ogunsola     Bayo Ajia     Gbugbu     James Ayeni     Playing Host     Millennium Development Goals     Ilorin Airport     Kwara State Coalition Of Business And Professional Associations     Abdulmumini Sanni Jawondo     Alanamu     Allocation     Neuropsychiatric Hospital     Muhammed Akanbi     Face Masks     Islamiya Abdulraheem     Kamaldeen Ajibade     AbdulRazaq Abubakar Jiddah     Ahmad Belgore     Yusuf Abubakar     Mohammed Abdulahi     Kwara South     Laolu Saraki     Saka Adeyemo     Okoolowo     Ajibola Saliu Ajia     Bashiru Makama     CLAY POT     COVID-19 Palliatives