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.

Tunde Mukaila Mustapha     MalHub     Salihu Yahaya     Abatemi-Usman     GRA     Afonja Descendants Union     Abdulmutalib Shittu     Ibraheem Adeola Katibi     Umar Ahmed Gunu     Abubakar Atiku     Tayo Alao     Toyin Saraki     NIRSAL     Akom Construction And Engineering Synergy Ltd     Oloriegbe     Ilorin Water Reticulation     Alfa Modibo Belgore     Shururat Olatinwo     Offa Poly     3MTT     Azeez Bello     Opolo Global Innovation Limited     Plat Technologies     Taofik Abdulkareem Babaita     Kwara NIPR     Oyun     Ekiti     Samuel Adaramola     Yunus Oniboki     Read With Me     Crystal Corner Shops     Aminat Ahmed     Sola Saraki University     Saadu Gbogbo Iwe     SSA Youth     Abdulrazaq Magaji     Shehu Adaramaja     Ashiru     Zara Umar     Akanji     Nigeria Customs Service     Yakub Ali-Agan     Abiodun Abdulkareem     IDPU     Lateef Ademola Olatunji     Timothy Olatunde Fadipe     Olayinka Are     Ahmed Ayinla Jimoh     Amuda Bembe     CCB     Post-utme     Suleiman Ajadi     Gobir     Ilorin West/Asa Federal Constituency     Jalala     Communication Network Support Services     Aasiyat Bello Oyedepo     Ayinde Oki     Haruna Tambiri Mohammed     Hassan Taiye Salam     Jimoh Akani     Raheem Adaramaja     Okasanmi Ajayi     Y.A. Abdulkareem     Tricycle Owners Association Of Nigeria     Olatunji Bamgbola     Talaka Parapo     Okin Biscuit     Ishaq Salman     Christopher Tunji Ayeni     Muhammed Abdullahi     Kayode Alabi     Raimi Iyanda     Kale Kawu     Bolakale Kawu Agaka     Erubu Oba Zubair     MINILS    

Cloud Tag: What's trending

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

Muhammadu Gobir     Abdulfatai Ahmed     Aminu Adisa Logun     Quareeb Islamic Association     Asa     A.O. Belgore     Ibrahim Bio     Coalition Of Kwara North Groups     Illyasu Abdullahi     Islamiya Abdulraheem     Adeniyi Ojo     Erubu Oba Zubair     Mike Omotosho     BIR     Sulyman Buhari     Madawaki     Suwa-Arabs     NAWOJ     Ridhwanullah Al-Ilory     Micheal Imoudu     Summit University     Old Oyo     Umar Saro     Marufat Oladosu     Suleman Abubakar     Abubakar Abdullahi Bata     Awwal Jawondo     Aso Ofi     Agbarigidoma     International Aviation College     Omotoso     GANZY     Amuda Bembe     Mustapha Olanipekun     Yinka Aluko     Jimoh Saadudeen Muhammed     Yakubu Gobir     Abdulwasiu Bolaji Adeyi     Nurudeen Muhammed     Babs Iwarere     Ahmad Fatima Bisola     Garba Idris Ajia     Baakini     Facemasks     March 18     Adijat Adebiyi     Kwara State Printing And Publishing Corporation     Yahaya Oloriegbe     National Union Of Road Transport Workers     Olatunde Oyeyiola     YAKOOYO     Omar Gambari     ITEM 7     Bibire Ajape     Isiaka Yusuf     Saka Balikis Kehinde     JMK Construction Company Limited     John Mayokun Dada     Dele Momodu     Kawu Baraje     Mohammed Haruna     Bond     Damilola Yusuf     Smart School     Wahab Femi Agbaje     Patigi Regatta     Mohammed Halidu     Olomu     Ajuloopin     Kola Adesina     Ubandoma Of Ilorin     Sheriff Shagaya     Federal Neuro-Psychiatric Hospital     Isiaka Saka Opobiyi     Aliyu Salihu     Hijaab     Raymond Olaitan