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.

Atiku     John Obuh     Odolaye Aremu     Bolaji Abdullahi     JMK Construction Company Limited     Amusement Park     Abdulrazaq Solihudeen     Ajibola Saliu Ajia     Sulu Gambari     Split Diamond Interchange     The Herald     Kamaldeen Gambari     Babajide Ajayi     Umar Danladi Shero     Egbejila     Irepodun     SSA Youth     Vishvas KOZ Tractors     New Nigeria People’s Party     Saeedat Aliyu     John Kehinde Salako     Babaita     Sherif Shagaya     Oba Mogaji Abdulkadir     Kwara Volleyball Association     Damilola Yusuf     Mahee Abdulkadir     Fatai Olodo     Lanre Badmas     Tunde Kazeem     Kishira     Y.A. Abdulkareem     Offa Metropolitan Club     Emir Of Kano     Rebecca Bake     Sheriff Olanrewaju     V.O. Abioye     Binta Sulyman     Ibrahim Taiwo     Shuaib Olarongbe     Lola Ashiru     Sola Saraki University     Abdulazeez Uthman     Joseph Alex Offorjama     Hamidu Olowo     TETFUND     Yoonus Kola Olatinwo     PPS     Justina Oha     SUBEB     Muhammed Aliyu     Jimoh Lambe Abdulkareem     Societe Generale Bank Of Nigeria     Oba Of Jebba     Umar Sanda Yusuf     Oyeyemi Olasumbo Florence     Ajikobi     Seun Bolaji     Alimi Abdulrazaq     Bolakale Saka     Public Holiday     Hassan Taiye Salam     Apaokagi     Abdulmajeed Abdullahi     Olaiya Lawal     Akeem Olatunji     REO CAKES     Bio Ibrahim     Yusuf Amuda Abubakar     Kwara State Fire Service     Afeyin-Olukuta     Abdulhakeem Amao     Michael Nzwekwe     Third Estate     Elerin Of Erin-Ile     Lotus Bank     Micheal Imoudu    

Cloud Tag: What's trending

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

Olaitan Buraimoh     Clara Nwachukwu     Oke-Odo     Egbejila     Muhammadu Buhari     Mutawalle     Atiku     Turaki     Abdulfatai Baakini     Kamaldeen Kehinde     Logun     Ilorin Muslim Community     Moses Adekanye     Yemi Sanni     Sun Qing Rong     Apata Ajele Secondary School     Mahe Abdulkadir     IQRA College     Gafaru Olayiwola Olorisade     Kazeem Adekanye     Kwara Polytechnic     Obasanjo     Kwara United     Christopher Tunji Ayeni     Tunji Olawuyi     Junior Secondary School Certificate Examinations     Simon Sayomi     PPS     Vasolar     Yusuf Aiyedun     Yeketi     Hassan Taiye Salam     Bilikisu Gambari     Oniyangi Kunle Sulaiman     Diagnostic Centre     Jimoh Olusola Imam     Ahmed Bolaji Nagode     Oba Abdulrahim     Ogbondoroko     Kayode Oyin-Zubair     Bayer Nigeria Limited     Zainab Abass     Dan Iya     Abdullah Janet Amudat     Esinniobiwa Quareeb     Abiodun Oyedepo     T And K FOODS     Haruna Olawale Sulaiman     Abdulrazaq Adebayo     Sobi Specialist Hospital     Mohammed Tunde-Jimoh     NIPR     Adesina Simon Sodiya     Kemi Adeosun     KWSIEC     Oluranti Idowu     Abubakar Usman Jos     Sabi     David Oyedepo     MATTA Girls Foundation     Aminu Adisa Logun     Ejidongari     Tayo Awodiji     Abdulmumin Yinka Ajia     Chartered Institute Of Personnel Management Of Nigeria     MMWG     Abubakar Ndakene     Ilesha Gwanara Road     John Kehinde Salako     ENetSuD     Oba Abdulkadir La\'aro     FOMWAN     A.E. Afolabi     Kwara Politics     Lasiele Alabi Yahaya     NNPP     Ramadhan