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.

Odogun Olushola Gabriel     Gbugbu International Market     Bilikis Oladimeji     Oba Abdulraheem     ER-KANG Mining     Ishola Balogun Fulani     Quranic Recitation Competition     Rashidi Yekini     Oluwatoyin Lukman     Public Holiday     NIPOGA     Folorunsho Erubu     Zulkifli Ibraheem     Lanre Aremu     Kwara State Health Insurance Agency     07039448763     Abdulfatai Baakini     Hikmah AbdulKareem     John Dara     Razaq Atunwa     Baakini     HYPPADEC     NITDA     Abdulrasheed Na\'Allah     Adesoye College     Lateef Fagbemi     JSSCE     Tunde Kazeem     Ahmed     Ayekale     Manzuma     Mufti Of Ilorin     S.O. Opowoye     Suleiman Abubakar     Abdul-Rahoof Bello     Abraham Ojo     Shuaib Abdulkadir     Tunji Moronfoye     Abikan     Bibire Ajape     Elewu     Wale Oladepo     Muhammad Ghali Alaaya     Sheriff Olanrewaju     Ahmed Saidu Rufai     SSUCOEN     Bureau Of Lands     Kudirat Arinola Lawal     Ayoade Akinnibosun     Jalala     Charles Ibitoye     Saadu Yusuf     Farouk Salim     Ilorin Metro Park     Presidential Election     John Obuh     Oke-Ogun     Ayeyemi Sulaiman     Sola Saraki University     Oyawoye     Abdulwahab Ololele     Hijaab     Ilorin Like-Minds     Shonga     Joseph Daudu     Obasanjo     Rafiu Ajakaye     Wahab Femi Agbaje     Kayode Yusuf     Tunde Yusuf     Bamidele Adegoke     Ibrahim Abdulqadir Abikan     Tunde Akanbi     Aisha Ahman-Pategi     Yusuf A. Usman     Senior Staff Union Of Colleges Of Education     Taofik Abiodun Ahmed    

Cloud Tag: What's trending

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

Tsaragi     Muslim Media Watch Group Of Nigeria     Aliyu U. Tilde     Ibrahim Oloriegbe     Oluwarotimi Boluwatife Adenike     Ajasse-Ipo     Hausa     KWIRS     KWASAA     KWASIEC     Oba Mogaji Abdulkadir     Bureau Of Lands     Ilorin South Constituency     Suleiman Rotimi Iliasu     Wahab Issa     Abubakar Ndakene     Adesoye College     Toyin Sanusi     Hauwa Nuru     Mohammed Kamaludeen     Bankole Omishore     Alikinla     International Public Sector Accounting Standards     Saka Asiat Ayinke     Oladimeji Thompson     Dunmade     Bello Bature     Dan Iya     Sabi     Ijagbo     Ajibike Katibi     Jimoh Saadudeen Muhammed     Oloye     Kamoru Kadiri     Hakeem Idris     Elesie Of Esie     General Hospital     Harafat E. Mukadam     Salary     Abdullahi Adisa Akodudu     Ganiyu Abolarin     Iqra Books     Kayode Zubair     Shaaba Lafiagi     Charles Ibitoye     Abdulrazaq Aiyelabegan     Baboko     Kwara Politics     Yusuf Zulu-Gambari     Gabriel Fashanu     Ibrahim Taiwo     Musa Yeketi     Old Oyo     Kwara Poly     Javed Khan     Senate     Gbadeyan Gbadura Yomi     Sidikat Akaje     Abdul-Rahoof Bello     Bolakale Ayo     Monthly Sanitation     Isapa     Ilorin South     AbdulGafar Tosho     Oba-Solagberu     Bamidele Adegoke Oladimeji     Abatemi-Usman     Musibau Akanji     Yusuf Abdulwahab     Abdullahi Atanda     Raji Ayodele Kamaldeen     Sai Kayi     The Herald     Jelili Yusuf     Olusin Of Ijara Isin     Mahmud Ajeigbe     Isin