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.

Nupe     Ambassador Kayode Laro     Quran     Isin     Junior Secondary School Certificate Examinations     Ajike People Support Centre     Yusuf Aiyedun     JMK Construction Company Limited     Countryside Emerging Leaders Fellowship     Towobola Abdulrahman Toyin     Sherif Sagaya     Yahaya Abdulkareem Babaita     Cornelius Adebayo     V.O. Abioye     Olabimpe Olani     Wahab Femi Agbaje     Femi Ogunsola     HAMFAT Clinic And Maternity     Paul Olawoore     Amos Justus Sayo     New Model Police Station     Taofeek Ibraheem     Bolakale Saka     Ramadhan     Iponrin     Salami Adekunle     Oloriegbe     Abdulkadir Akanbi-Oke     Mahmud Durosinlohun Atiku     Salihu S. Yaru     Erubu     Chief Imam Of Ilorin     Galadima     Yusuf Amuda Gobir     Hydro-electric Power Producing Areas Development Commission     Kudirat Arinola Lawal     Yusuf Badmus     Adebayo Salami     Ajayi Okasanmi     Ibrahim Gambari     KWATMA     University Road     Facemasks     Offa Poly     Frootify     JUSUN     Samuel Adedoyin     Yomi Adeboye     Kwara State Television     Offorjama     Bayo Ojo     Garba Ado Sanni     Sardauna     Raimi Iyanda     Chief Imam Of Lafiagi     Sarah Alade     KWSIEC     ER-KANG Mining     Jumoke Monsura Gafar     Babata     Mashood Abdulrafiu Agboola     Ahmed Bolaji Nagode     Ola Falade     COEASU     Danladi     Tsaragi-Share     Mary Arinde     Ubandoma Of Ilorin     Akeem Lawal     General Tunde Idiagbon International Airport     Hussein Oloyede     International Vocational Centre     Stephen Fasakin     Gbemisola Oguntimehin     Omu Aran     Hijab     Valsolar    

Cloud Tag: What's trending

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

Ado Bayero     Alfa Yahaya Road     Riskat Opakunle     Revenue Court     Mohammed Ghali Alaaya     Quarry Royal Valley     Hameed Oladipupo Ali     Khairat Gwadabe     Bluenile Associates     Memunat Monsuma     James Kolo     Abdullahi Imam Abdullahi     Muritala Olarewaju     LEAH Charity Foundation     Samari     Oju Ekun Sarumi     Ahmad Belgore     Okin Biscuit     Fatai Olodo     Otunba Taiwo Joseph     Amuda Musbau     Iyaloja-General     Oyin-Zubair     Lafiagi     Yekeen Alabi     Okedare     Muhammad Akande Olarewaju Odunade     Ibrahim Abdulqadir Abikan     GANZY     Ilorin Emirate Staff Association     Olusegun Adeniyi     Abubakar Baba Sulaiman     Musibau Akanji     ARMTI     Salary     Ojuekun Sarumi     Ayo Adeyemi     Usman Alkali Baba     TESCOM 2025     Mohammed Saidu     ASMAU PLAZA     Muhammed Taofeeq Abdulrazaq     Aishat Mohammed Lawal     Abdulrazaq Sanni     Offa Poly     Salihu Yahaya     Okin Biscuits     Kwara State Television     Ilorin West/Asa Federal Constituency     Yusuf Amuda Abubakar     Mahmud Durosinlohun Atiku     Academic Staff Union Of Universities     Oluranti Idowu     Sherif Sagaya     Amuda Bembe     Abdulsalam Firdaous Amosa     United Nigeria Congress Party     Nurudeen Muhammed     Olokoba     Tunji Arosanyin     Amada Jidda     Mustapha AbdulGaniyu     Gani Saadu     Sola Saraki University     N-Power     Sa\'adu Salahu     Kwara State Sports Commission     Valsolar Consultoria     Balogun-Ojomu     LABTOP     Kunle Okeowo     Www.Kwarareports.com     Basit Olatunji     Abdulrasheed Lafia     Sheriff Shagaya     Aliyu Adebayo     Bayo Mohammed Onimode