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.

Seni Saraki     Alore     Aminat Omodara     March 28     Abdulfatai Salman Baakini     Wakilin Mata Lafiagi     Kola Adesina     Ado Ibrahim     Sunday Fagbemi     Old Oyo     Nigeria Computer Society     Maryam Nurudeen     Afeyin-Olukuta     Alabere     Abdullahi Imam Abdullahi     Timothy Olatunde Fadipe     Haliru Dantoro     ER-KANG Mining     Joseph Alex Offorjama     Abubakar Ndakene     Rotimi Atere     Kwarareports.com     Ishak Mohammed Sabi     Ope Saraki     Government High School (GHS), Adeta     John Olajide Adedipe     Ayodele Olaosebikan     Saka Balikis Kehinde     Kwara State Polytechnic     Abdulmajeed Abdullahi     Abdul-Rahoof Bello     Www.Kwarareports.com     Owode Market     Olomu Of Omu-Aran     Fatai Olodo     Abatemi-Usman     Adolescent Girls Initiative For Learning And Empowerment     Afin Descendants Union Of Odo-Owa     Kulende-UITH     Mashood Dauda     Pius Abioje     Sabo-Oke     Omoniyi     NAWOJ     Joshua Adeyemi Adimula     Eghe Igbinehin     RTEAN     AbdulRahman Saad     Isiaka Saka Opobiyi     Kwara State Infrastructure Development Fund     Arinola Lawal     Allocation     Sheikh Hamzat Yusuf Ariyibi     Elerin Of Adanla     Saad Belgore     Jimoh Lambe Abdulkareem     AbdulKareem Yusuf Danhawa     Obasanjo     Oye Tinuoye     Ramadhan     Olaiya Lawal     Agor     Oniyangi     AbdulRasaq Abdulmajeed Alaro     Abdulfatai Baakini     Yusuf Badmus     Ilorin Airport     Principal Private Secretary     Neuropsychiatric Hospital     Iyeru Grammar School     Oasis Muslim Care Foundation     Ambassador Kayode Laro     Jelili Yusuf     Post-utme     Bola Ahmed Tinubu     Markaz Arabic And Islamic Training Institute, Agege     Binta Abubakar-Mora    

Cloud Tag: What's trending

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

Taofeeq Olateju     Ebun-Olu Adegboruwa     Abdulrazaq Adebayo     Rotimi Oyedepo     Risikat Lawal     Veterinary Teaching Hospital     Kunbi Titiloye     Abdulquowiyu Olododo     Yomi Ogunsola     Edret Sabi Abel     Aminu Adisa Logun     Toyin Sanusi     Ramadan     Standard Organization Of Nigeria     Sobi FM     AbdulRauf Keji     Omoniyi     University Road     Christopher Odetunde     Aisha Ahman Pategi     Jimba Babatunde     Yusuf Amuda Aluko     Shuaibu Yaman     Oyun     Senate     Tope Daramola     Chief Imam Of Omu-Aran     Olota Of Odo-Owa     Women Radio     Adebayo Salami     Principal Private Secretary     Mukhtar Shagaya     Saka Saadu     Shettima     Yomi Adeboye     Yoruba     Saliu Tunde Bello     Baba Isale     Taibat Ayinke Ahmed     Oloyede     ASUU     Rafiu Ibrahim     Geri-Alimi Split Diamond Interchange     Yekini Adio     Kwara State Geographic Information Service     Gafaru Olayiwola Olorisade     Bilikis Oladimeji     KWATMA     Public Holiday     Aliyu Kora-Sabi     United Nigeria Airline     A.G.F Abdulrasaq     Bahago     Alapansapa     Kannike     JAMB     Shaykh Luqman Jimoh     Yusuf Lawal     Abdulmumini AbdulRazaq     Baba Issa     Adebara     Lawal Jimoh     Borgu     Ahmed Bolaji Nagode     Ilorin Durbar     Mujtabah Bature     Wahab Olasupo Egbewole     Sulyman Atolagbe Alege     Temitope Ogunbanke     Yashikira     Niyi Ogundiran     Haleeman Salman     Kayode Bankole     Chief Of Staff     Abdulganiyu Oladosu     Abdulwahab Oba     Muslim Media Watch Group Of Nigeria