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.

Oro Grammar School     CACOVID Palliatives     Henry Olaosebikan     Sheikh Alimi     Nupe     Taofik Abiodun Ahmed     Arik     Sulyman Abdulkareem     Dasuki Belgore     Folorunsho Erubu     Voices Of Tomorrow     Economic And Financial Crimes Commission     Adekunle David Dunmade     Musbau A. Akanji     Tunde Saad     Ilorin West     Kwara Politics     11th Galadima     Igosun     Kola Adesina     Ojo Isekuse     Garba Idris Ajia     Ibrahim Labaika     Government Girls’ Day Secondary School Pakata     CELF     Raliat Islamic Foundation     Issa Memunat Moyosore     State Bureau Of Internal Revenue     Alfa Modibo Belgore     Olaoye B. Felix     Abdulraufu Mustapha     AbdulQowiy Olododo     Centre For Community Empowerment And Poverty Eradication     LEAH Charity Foundation     Muhammed Akanbi     Raliat AbdulRazaq     Afonja Descendants Union     Erubu     Joseph Alex Offorjama     Ilorin Durbar     Nigeria Governors\' Forum     Javed Khan     Amina El-Imam     Assayomo     Oke-opin     Abubakar Lah     Abdulrahman Abdulrazak     Najim Yaasin     Sango-UITH Road     Mohammed Ibrahim     C2c@kwarastate.gov.ng     Law School Scholarship     Federal Polytechnic Offa     Government High School Adeta     Toyin Abdullahi     Mohammed Jimoh Faworaja     Abdul-Rasheed Na\'Allah     Lucky Omoluwa     Isa Aremu     Split Diamond Interchange     Kunle Suleiman     Offa Metropolitan Club     Kwara State Television     Adamu Atta     Muhammed Abdullahi     Gbemi Saraki     Saliu Oluwole     Kola Olota     Unilorin     Onilu     Shehu Alimi Foundation For Peace And Development     Jide Ashonibare     Hijab     Kwara Volleyball Association     Kwara State Polytechnic     NURTW     Kwara Apc    

Cloud Tag: What's trending

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

Millennium Development Goals     ASKOMP     Academic Staff Union Of Universities     Paul Odama     Saadatu Modibbo-Kawu     Toyin Abdullahi     Aasiyat Bello Oyedepo     Post Utme     Medinat Folorunsho Salman     Abdulrazak Shehu Akorede     PPS     Femi Agbaje     Sulyman Tejidini     Kulende     Babs Iwarere     Owu Fall     Diagnostic Centre     KWATMA     Arinola Lawal     Ayobami Akanbi     Olatunde Michaels     Patience Jonathan     Christopher Odetunde     Odo-Owa     Sobi FM     Abdulrasheed Akogun     KFA     Savannah Centre For Diplomacy, Democracy And Development     Mamman Saba Jibril     National Union Of Road Transport Workers     National Association Of Nigerian Students     Kwara Politics     Hassan Saliu     Titus Ashaolu     Kamaldeen Gambari     Bureau Of Lands     Tunji Arosanyin     Akeem Lawal     Okala Baba     07039448763     Abdulquowiyu Olododo     AGILE Programme     Read With Me     Fatimah Abdulkadir     Apata Ajele Secondary School     SSA Youth     Taofik Abdulkareem     Funmilayo Braithwaite     Abdullah Janet Amudat     Mumini Ishola Hanafi     Mohammed Kamaludeen     Muhammad Sirajo Aliyu     Nigerian Army     Olaosebikan     Moses Afolayan     Lanwa     Tinubu Legacy Forum     Alikinla     Oniwa     Borgu     Mumeen Lah     Ladi Hassan     Shururat Olatinwo     Bibire Ajape     Monsurat Omotosho     Kwara Volleyball Association     Saidu Yaro Musa     Ile Arugbo     MalHub     Busari Toyin Isiaka     Raliat AbdulRazaq     Okin High School     LEAH Charity Foundation     Kwara Pdp     Kwara State Health Insurance Agency     Voices Of Tomorrow     Niyi Osundare