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.

Sa\'adatu Modibbo-Kawu     YAKOOYO     Nigeria Computer Society     Suwa-Arabs     Association Of Kwara State Online Media Practitioners     Kabir Shagaya     Oke-Odo     Ilorin South Constituency     Federal Polytechnic Offa     Gobir Organization Foundation     Col. Ibrahim Taiwo     Kwara State Polytechnic     Aisha Gobir     Samuel Elizabeth Keatswa     Turaki     National Union Of Road Transport Workers     Mutawali Of Ilorin     Shehu Jimoh     Hausa     Adebara     Hikmah AbdulKareem     Toyin Olayinka Tejidini     Ubandoma     Raliat AbdulRazaq     Lawal Jimoh     Elerin Of Adanla     Mahmud Ayinla Giwa     Moremi High School     Ashiru     Amule Elementary School     Dan Masanin     Alimi Abdulrazaq     Madawaki Of Ilorin     Manzuma     Paul Odama     Valsolar-Kwara Company Limited     Anilelerin     Kwara 2015     Tosho Yaqub     Emir Of Yashikira     Okanlawon Taiwo     UNILORIN Alumni Association     Www.Kwarareports.com     Eruku     Bursary     Moshood Mustapha     Durosinlohun Kawu     Facebook     Kwara University Of Education     Abdulwahab Ololele     Pius Abioje     Ballah     Tunji Arosanyin     Maryam Nurudeen     Ilorin Talaka Parapo     Alore     Ajibola Saliu Ajia     Marufat Oladosu     Saliu Ajia     Babajide Ajayi     Doyin Awoyale     Ohoro Of Shao     Unilorin     Imam Gambari     Katibi Ibraheem Adeola     Umaru Saro     Isiaka Yusuf     Abdulrazaq Magaji     Ilorin Central Mosque     Government House     COVID-19 Palliatives     Azeez Bello     Muritala Olarewaju     Aliyu Adebayo     Sulyman Atolagbe Alege     Zubair Folorunsho Erubu     Musibau Akanji    

Cloud Tag: What's trending

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

AbdulKareem Yusuf Danhawa     Valsolar-Kwara Company Limited     Borgu     Adamu Ibrahim Sabi     Zubair Folorunsho Erubu     Majlis For Sadakah, Zakat And Waqf     Bolaji Abdullahi     Paul Odama     Ile Arugbo     Awoye     Akeem Lawal     Femi Oladiji     ARMTI     Ilesha-Baruba-Gwanara     Arik     Kwara Politics     Bilikisu Gambari     Idowu Aremu     Abdullateef Abdussalam     Biliaminu Aliu     Yomi Ogunsola     Suleiman Yahya Alapansapa     Moses Afolayan     Magaji Erubu     Eruku     Adamu Attah     Rueben Parejo     Gbugbu International Market     Oniwa     Kulende     Salihu Alhaji Musa     Lawal Arinola Kudirat     Oke-Odo     Tinubu Legacy Forum     Okin Biscuit     Olayinka Are     Belgore     Aminu Ado Bayero     CACOVID     Sobi     Pilgrims Board     Makama     Bayo Ojo     Danladi     Waziri Yakubu Gobir     Sanitation Exercise     Coalition Of Kwara North Groups     Otuka     Abdulmumini AbdulRazaq     Gbadeyan Gbadura Yomi     Aremu Odolaye     Yusuf Aiyedun     Chartered Institute Of Personnel Management Of Nigeria     Funmilayo Zubair     Abdulganiyu Oladosu     Ella Supreme Tissue Paper     Valsolar     Kwara Central     Agor     Abdulrazak Shehu Akorede     NFAI     Abubakar Olusola Saraki     Kwara State Health Insurance Agency     COVID-19 Palliatives     Saka Isau     IF-K     Rebecca Olanrewaju     Aliyu U. Tilde     Ahmed Mohammed Rifun     Yinka Aluko     Balogin Alanamu     Deji Ajani     Sulyman Age AbdulKareem     Lanre Olosunde     Kayode Oyin-Zubair     Ilofa     Ijakadi