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.

Elesie Of Esie     Centre For Peace And Strategic Studies     Saliu Ajia     Tafida Of Kaiama     Mahmud Babatunde Baker     JSSCE     Summit University     Doyin Group     Bamikole Omishore     Ilorin Durbar     Tafida Of Ilorin     Olatunde Olukoya     John Kehinde Salako     HICA     Saidu Kawu     Kawu Baraje     Quareeb Islamic Association     Special Agro-industrial Processing Zone     MATTA Girls Foundation     Lithium Deposit     New Nigeria People’s Party     Ilorin Curfew     Ashiru     Razak Atunwa     Emmanuel Olatunji Adesoye     Cassava Growers\' Association     Gbugbu     Code Of Conduct     Tunde Akanbi     Funmilayo Isiaka Oniwa     Mufti Of Ilorin     Okin Biscuits     Ohoro Of Shao     Abubakar Baba Sulaiman     Habeeb Abdullahi Al-Ilory     Muhammed Mahe Abdulkadir     AbdulFatai Adeniyi Dan-Kazeem     Shaykh Luqman Jimoh     Isiaka AbdulRazaq     Nigeria Computer Society     Harafat E. Mukadam     Bashir Omolaja Bolarinwa     Abdulrahman Abdulrasaq     Solomon Edojah     Kwara     Haruna Olawale Sulaiman     Dorcas Afeniforo     ANCOPPS     Vasolar Consortium     Oke-Ode     Yusuf AbdulRasheed     Abdullateef Abdussalam     Kwara North     Binta Abubakar Mora     Ayo Salami     Bank Of Industry     NITDA     Salau Kabiru Abdullahi     Oyedepo     Lawal Jimoh     Biliaminu Aliu     Rotimi Atere     Ilorin South Constituency     Special Agro-Industrial Hub     Shehu Salau     Council Of The Wise     Adeleke Ogungbe     Kumbi Titiloye     Abdulganiyu Salahudeen     Jide Oyinloye     Yahaya Abdulkareem Babaita     Mustapha Olanipekun     School Of Nursing     Jimoh Bashir     Labour Party     Zaratu Umar     Ndama Al-hassan    

Cloud Tag: What's trending

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

Makama Of Kaiama     Mustapha Akanbi     Hajj     HICA     Emmanuel Olatunji Adesoye     Emir Of Yashikira     Communication Network Support Services     Ilorin East/South Federal Constituency     James Ayeni     Nupe     NNPP     Oyin-Zubair     Oyeyemi Olasumbo Florence     Ibrahim Taiwo     Kwara State University Of Education     College Of Arabic And Islamic Legal Studies     ER-KANG Mining Nigeria Company Limited     Ambassador Kayode Laro     Abdulrahman Abdulrasaq     Olatunde Jare     Mohammed Saidu     Nagode     Magaji Nda     Otoge     Wasiu Odewale     Popo-Igbonna     Kemi Adeosun     Abdulganiyu AbdulAzeez     IHS     Just Law Forum     Ganmo Electricity Sub-Station     Volunteers Of Ilorin Community And The Emirate     Isau     Vasolar Consultoria     Iyabo Dupe Adekeye     Abiodun Oyedepo     Sobi Hill     Crystal Corner Shops     KWTV     Wasiu Onidugbe     Segun Abifarin     Elerin Of Adanla Irese     Olupako     Modibbo Kawu     Waziri Yakubu Gobir     Azeez Salawu     Ilorin Emirate Staff Association     Kayode Alabi     Maryam Nurudeen     EndSARS     Jare Olatundun     Wahab Issa     Agor     ER-KANG Mining     Mujtabah Bature     Jide Oyinloye     Aliyu Salihu     Yakubu Danladi     Babatunde Ajeigbe     Shehu Alimi Foundation For Peace And Development     A.E. Afolabi     Alanamu     Micheal Imoudu     Olatunde Michaels     Facebook     JAMB     Ahman Pategi University     Sulaiman Gado     Ilorin Water Reticulation     Logun     National Pilot     Revenue Court     Shehu Salau     Durbar Festival     Ejidongari     Yaru     Gobirawa