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.

Akom Construction And Engineering Synergy Ltd     Musa Abdullahi     Kwara State Infrastructure Development Fund     Wahab Isa     Saliu Ajia     Ahmed Saidu Rufai     Jimoh Akani     Hassan A. Saliu     Congress For National Consensus     Sobi Hill     Halidu Danbaba     Just Event Online     Sobi FM     Moshood Kashimawo Abiola     Aisha Buhari     S.O. Opowoye     Abubakar Baba Sulaiman     Mahfouz Adedimeji     Ibrahim Gambari     Egbewole     Ilorin Muslim Community     Tescom.kwarastate.gov.ng     KWSUED     Ridwan Agboola     Soffiyyallah Kamaldeen     Kanu Agabi     Abdulmajeed Abdullahi     Olufolake Abdulrazaq     Raimi Iyanda     Abubakar B.M     Geri-Alimi Split Diamond Interchange     Olam Food Ingredients     Abiodun Musa Aibinu     IYA YUSUF     Sarah Jubril     NURTW     Mustapha AbdulGaniyu     Iyabo Adisa Ibiyeye     Siddiq Adebayo Idowu Salawu     Omu Aran     Abdulsalam Firdaous Amosa     Okanlawon Musa     Quarry Royal Valley     Umar Saro     Aasiyat Bello Oyedepo     Baba-Isale     Bamidele Aluko     United Nigeria Congress Party     Muhammed Taofeeq Abdulrazaq     Falokun-Oja     Savannah Centre For Diplomacy, Democracy And Development     Adegoke Bamidele     Oke-opin     Share/Tsaragi     Fatimat Saliu     Kwara State Football Association     KFA     Mashood Dauda     Gamji Members Association     Azeez Bello     Usman Alkali Baba     Ahmed Ayinla Jimoh     Kola Olota     Saheed Akinwumi     Abdulkadir Jimoh     Oyeyemi Olasumbo Florence     Nigerian Medical Association     Garba Dogo     Government High School Adeta     Bola Iyabo Ibiyeye Adisa     AbdulHamid Adi     Makama     Kale Kawu     Flights To Ilorin     Yakubu Gobir     Fatai Olodo     Zulkifli Ibraheem    

Cloud Tag: What's trending

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

United Nigeria Airline     Yahaya Dumoye     Tafida Of Kaiama     Atunwa     Suleiman Rotimi Iliasu     Mustapha Akanbi     Alimi     Tunji Oyawoye     Owo Arugbo     Islamiya Abdulraheem     Sheu Ndanusa Usman     General Hospital     Opobiyi     KWTV     Abdulrazak Shehu Akorede     Kwara South     Babata     Elections     Ajibola Saliu Ajia     Lawyers Unite Against Corruption     Lateef Alagbonsi     Bola Ahmed Tinubu     Gobir     Suleiman Yahya Alapansapa     Danladi     AbdulRazaq AbduMajeed Alaro     Igosun     Afonja Descendants Union     Hussein Olokooba     National Democratic Congress     John Dara     Maryam Ado Bayero     Undergraduate Bursary     Moses Adekanye     Iyabo Adisa Ibiyeye     KWASSIP     Nigerian Medical Association     Pakata Development Association     Alfa Modibo Belgore     Saka Onimago     Ganmo Electricity Sub-Station     Modupe Oluwole     Adebara     Arca Santa     Jumoke F. Ajao     Michael Nzwekwe     Prince Bola Ajibola     Ijagbo     Bamidele Aluko     Rafiu Olasile     Forgo Battery     Toyin Sanusi     Sarah Jubril     AbdulGafar Tosho     Baboko     Halimat Yusuf     Oro Grammar School Old Students Association     CACOVID Palliatives     Public Holiday     Chief Imam Of Offa     NITDA     Ibrahim Jawondo     Unilorin     Babaloja-General     AGILE Programme     Razaq Atunwa     Abdulahi Abubakar Bata     Ileloke     Tunde Oyawoye     Oba Abdulrahim     Oladipo Akanmu Tolani     Monsurat Omotosho     Isiaka Oniwa     Awili Pedro     SWAN     Sidikat Alaya     Abioye Bello