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.

Yashikira     Saidu Isa     Salman Suleiman     Forgo Battery Company Limited     Idris Garba     Kwara Teaching Service Commission     Danhawa     Ilorin Amusement Park     Leke Ogungbe     Abdul Jimoh Mohammed     Sheikh Ridhwanullah El-ilory     Ekweremadu     Olaiya Victor Mobolaji     Taofik Abdulkareem Babaita     Jide Ashonibare     Seed Technologies     Umar Yakubu Jaja     Madawaki     Sarafadeen Kayode Akorede     Babaita     Iyabo Dupe Adekeye     Muslim Stakeholders Of Kwara State     Doyin Group     Abdulrasheed Na\'Allah     Towoju     Convocation Ceremonies     Amada Jidda     Simon Sayomi     Sidikat Alaya     IESA     Owo Isowo     Hameed Oladipupo Ali     Revenue Court     Sebastine Obasi     Kayode Oyin Zubair     Yomi Ogunsola     Ilorin East     Kulende-UITH     Bola Ahmed Tinubu     Elelu     Abdulmutalib Shittu     AbdulGafar Tosho     Saheed Akinwumi     Jeunkunu-Malete-Bani     Tsaragi/Share     Funke Adedoyin     Yaru     Imam Gambari     Femi Oladiji     Kwara State Polytechnic     Pakata Patriots     Toyin Olayinka Tejidini     Valsolar Consultoria     Sa\'adu Gambari     Khadijat Ayoola Yusuf     Aliyu Muhammed     Tanke     Doyin Agbamu     Siraj Oyewale     George Innih     Abdulraheem Yusuf     Amusement Park     Noah Yusuf     Council Of The Wise     Wahab Kunle Shittu     MMWG     Sulyman Atolagbe Alege     NIPOGA     Gabriel Fashanu     Kayode Ibrahim     SWAN     Chief Of Staff     Olaiya Zuberu     Aasiyat Bello Oyedepo     Abdulfatai Ahmed     Village Alive Development Association     Alao Ayotunde    

Cloud Tag: What's trending

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

Shehu Alimi Foundation For Peace And Development     Col. Adedipe     Abdulganiyu AbdulAzeez     Issa Baba     Park     Bareke     Local Government     Bayo Onimago     Mazars Consulting     Shoprite     Sambo Murtala     Federal Neuro-Psychiatric Hospital     Ilorin East/South Federal Constituency     Esuwoye     Abegunde Goke     Kwara State Coalition Of Business And Professional Associations     Mohammed Halidu     Abdulrazaq Adebayo     Dunmade     Amina El-Imam     Yunus Oniboki     Okanlawon Taiwo     Kwara Politics     Florence Saraki     Jimoh Akani     Lanre Olosunde     Sola Saraki Educational Foundation     Code Of Conduct Tribunal     Gurei     Ibrahim Taiwo Road     Vasolar Consultoria     Yemi Osinbajo     Samuel Elizabeth Keatswa     CUTI     Jawondo     Abdulrasheed Akogun     Ayobami Akanbi     Omoniyi M. Ayinla     Elekoyangan     ER-KANG Mining Nigeria Company Limited     Lanre Issa Onilu     Lawan     Tosho Yaqub     Funmilayo Isiaka Oniwa     Obayomi Azeez     Gbemi Saraki     KWASEIC     College Of Arabic And Islamic Legal Studies     Aliyu Alhassan     Sobi Specialist Hospital     Galland Marcias     Saudat Abdulbaqi     VADA     Sulyman Age AbdulKareem     Dar-Al-Handasah Consultants     Saadu Alanamu     Sa\'adu Gambari     Kumbi Titiloye     Barakat Community Secondary School     Sabi     Pakata Development Association     Abdulrasaq Alaro     Abdulazeez Uthman     Valsolar Consultoria     Kayode Laro     Asa LGEA School     Abdullah Janet Amudat     Olawuyi     N-Power     Ilofa     Mohammed Lawal     Sulyman Buhari     Mohammed Tunde-Jimoh     Kwara Consultative Forum     Paul Odama     Gbadeyan Gbadura Yomi     Taofik Mustapha