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.

Ope Saraki     Apado     Pakata Development Association     Jimba Babatunde     Kaosarah Adeyi     Eghe Igbinehin     Aliyu Kora-Sabi     Savannah Centre For Diplomacy, Democracy And Development     Michael Nzekwe     Government High School Adeta     Abdul Jimoh Mohammed     Abdulrahman Abdulrazaq     KFA     Olufolake Abdulrazaq     Omotoso     Saliu Alamoyo     Ileloke     Adedeji Onimago     Saadu Yusuf     Hassanat Bello     Issa Memunat Moyosore     Forgo Battery Company Limited     Ballah     Bashirat Bola Bello     Buari Edun     NIPOGA     Bello Oyedepo     Sobi FM     Abdulahi Abubakar Bata     Alaaya     Ilorin Emirate Staff Association     Y.A. Abdulkareem     Bisi Oyeleke     Dar-Al-Handasah Consultants     Hausa     Nigeria Customs Service     Oke-Oyi     Kehinde Baale     Dapo Teni Nig Enterprise     Musa Aibinu     Alagbado     Oniye     Olatunde Olukoya     Monkey Pox     Tricycle Owners Association Of Nigeria     Arandun     Isa Aremu     Kawu Baraje     Ajike People Support Centre     Kwha.gov.ng     Yusuf Babatunde Abdulwahab     Facebook     Academic Staff Union Of Universities     Vasolar Consultoria     Vasolar Consortium     Ilorin East/South Federal Constituency     Adanla-Irese     Mahmud Ayinla Giwa     Ibrahim Abiodun     MATTA Girls Foundation     Nupe     Folorunsho Alao     Garuba Alikinla Shittu     Okin Group     Kolawole Akande     Suleiman Rotimi Iliasu     Prince Bola Ajibola     Balogun Ajikobi     Ishaq Salman     Ojo Isekuse     Sobi     Senate Presidency     Atunwa     Baakini     Nigerian Medical Association     Ajibola Saliu Ajia     Fawenu    

Cloud Tag: What's trending

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

Bibire Ajape     Kale Kawu     Clement Yomi Adeboye     Abdulrahman Abdulrasaq     Mubarak Oladosu     Doyin Awoyale     Sardauna Of Ilorin     Sheriff Olanrewaju     Kwara Muslim Pilgrims Welfare Board     Balogun Gambari     Idowu Laro     Ibrahim Jawondo     Patience Jonathan     Ahman Patigi     Ilesha-Baruba-Gwanara     Akanbi-Oke     SDP     Roheemat Hammed     Lotus Bank     IPSAS     Iyabo Adisa Ibiyeye     SSA Youth     IFK     Baba Issa Awoye     Rueben Parejo     Isiaka Saka Opobiyi     Yahaya A Paniyaro     David Adesina     Demola Banu     Mohammed Halidu     AbdulRauf Keji     Abdul-Rasheed Na\'Allah     Saliu Mustapha     Ajase-Ipo     Pius Abioje     Joseph Yemi Ajayi     Saka Asiat Ayinke     Kwara University Of Education     Ilorin Emirate Staff Association     Gbugbu International Market     Harrison Osauwagboe     Ilorin Water Reticulation     Ubandoma     Henry Olaosebikan     Fulani     Durosinlohun Kawu     Sarakite     Onilorin Of Ilorin     Amina El-Imam     JUSUN     HAMFAT Clinic And Maternity     Kolawole Bashirat     Paul Odama     Iyabo Adewuyi     Ibrahim Abduquadri Abikan     Olatunji Bamgbola     Elelu     Olatomiwa Williams     Eleja     Amoyo     Barakat Community Secondary School     Shuaib Jawondo     Folorunsho Erubu     Kayode Ibrahim     Muhammad Toyin Sanusi     Abdullahi Samari     Abdullateef Abdussalam     Suleiman Alege Kuranga     Funmi Salau     Borgu     Kamaldeen Kehinde     Kwara Polytechnic     Abdullahi Saadudeen Alikinla     Kupchi Hosea Maxwell     Ballah     Labour Party     Saka Adeyemo