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.

Sarkin Malamai     Kwara Muslim Pilgrims Welfare Board     VADA     Chief Imam Of Omu-Aran     Lukman Adeloyin     Hauwa Nuru     Mashood Abdulrafiu Agboola     Lawan     Susan Modupe Oluwole     Bello Abubakar     Sobi     Moremi High School     Sunday Otokiti     Emir Of Kano     Tuesday Assayomo     Donatus Ejidike     Oba Abu     Pakata     KSIRS     Akume     Tosin Saraki     Yinka Aluko     Olushola Saraki     Ahmad Belgore     Agor     Ayotunde Emmanuel Alao     IDPU     Elese Of Igbaja     Ganmo     College Of Arabic And Islamic Legal Studies     NITDA     Haruna Olawale Sulaiman     Henry Olaosebikan     Ilorin.Info     NIPR     Kwara 2019     Sunset Workers     Abdulrazaq Aiyelabegan     Joseph Alex Offorjama     Hausa     Halimat Yusuf     Mohammed Katsina Ahmed     Ilorin Like-Minds     Just Law Forum     COEASU     Taofik Abiodun Ahmed     Bamidele Aluko     Ekiti     Unilorin     Wasiu Odewale     Olumide Daniel Ibitoye     John Obuh     Kayode Oyin-Zubair     Adaramaja     Dorcas Afeniforo     Fatimah Abdulkadir     Kwara Restoration Project     Seed Technologies     AbdulGaniyu Kareem     David Oyepinola Adedumoye     Kwara State Fire Service     Kehinde Boyede     Alfa Modibbo Belgore     National Party Of Nigeria     Maimunat Oloriegbe     Bello John Olanrewaju     Oyedepo     Adedipe     Abdullahi Samari     Kwara State Polytechnic     Kunle Akogun     Al-Hikmah University     Durosinlohun Atiku     Saliu Ajibola Ajia     Elerin Of Adanla     Pacify Labs     John Olobayo    

Cloud Tag: What's trending

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

Sulyman Buhari     Sheikh Ridhwanullah El-ilory     Yusuf Olaolu Ali     Olomu     Abdullah Janet Amudat     Muhammed Taofeeq Abdulrazaq     AbdulRauf Keji     Donatus Ejidike     Tafida Of Kaiama     Rueben Parejo     Haashim Initiative For Community Advancement     Sherif Sagaya     Jelili Yusuf     Dauda Adesola     KWATMA     Kolade Solagberu     NSCIA     Kazeem Oladepo     Abiodun Jacob Ajiboye     Wasiu Odewale     Lafia Aliyu Korasabi     Share/Tsaragi     Muslim Media Watch Group Of Nigeria     Ghali Alaaya     Shehu Salau     Elerinjare     Ejidongari     Abraysports FC     Afolabi-Oshatimehin     Toyin Saraki     Otuka     Hajj     General Tunde Idiagbon International Airport     Taofeeq Olateju     Alanamu     UITH     Wahab Egbewole     Zulu Gambari     BIR     Ibrahim Abdulqadir Abikan     Sa\'adu Salahu     Idris Amosa Saidu     Amina Susa\'a De Ahmed     Mohammed Ibrahim     Okeose Christian Cementary     Aliyu Muyideen     David Oyedepo     Charles Ibitoye     Chikanda     Economic And Financial Crimes Commission     Shonga Farm Project     Saeedat Aliyu     Ibrahim Taiwo     Chief Of Staff     Sanusi Abubakar     Olupako     Bola Olukoju     Chief Imam Of Lafiagi     Moremi High School     Ajibola Saliu Ajia     FOMWAN     KWASSIP     Salihu Ajibola Ajia     Kumbi Titilope     Sabo-Oke     Al-Ilory     Ojuekun Sarumi     Oke-Ogun     Ayo Salami     Muslim Stakeholders Of Kwara State     Voices Of Tomorrow     Sa\'adu Salau     CACOVID Palliatives     Laboratory-to-Product     Ishaq Salman     CCB     Adamu Jemilat-Baki