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.

Tanke Road     Abdulmumini Sanni Jawondo     Kwabes     Muideen Olaniyi Alalade     Twitter     Adeniyi Ojo     08001000100     Ahman Patigi     Arandun     Ijagbo     KWTV     Omupo     Y.A. Abdulkareem     Abdulrahman Abdulrazak     Patigi Regatta     Apaola     Senior Staff Union Of Colleges Of Education     NAWOJ     Admiralty Villa     Binta Sulyman     Muhammad Yahya     Ilorin Talaka Parapo (ITP)     Muhammed Aliyu     Alabi Lawal     Kayode Alabi     Segun Abifarin     Chief Imam Of Lafiagi     Ayekale     Ilesha-Gwanara     Abdulhakeem Adelaja Amao     Hamidu Olowo     Alapansapa     Lanre Badmas     Olomu     Saliu Alamoyo     Olatunji Abdulmumeen     Siddiq Adebayo Idowu Salawu     Yaru     Funmi Salau     Michael Ologundea     Akorede     Babajide Ajayi     James Kolo     Elerin Of Adanla     Olabanji Orilonishe     Dar-Al-Handasah Consultants     Ishaq Oloyede     Saka Onimago     Ishola Balogun Fulani     Centre For Community Empowerment And Poverty Eradication     Kumbi Titilope     Onilorin     Olatunde Michaels     Jebba     Kwara North     Federal Allocation     Senate     Owu Fall     Leke Ogungbe     Women Radio     Ayedun     Abdulwahab Olarewaju Issa     Mohammed Katsina Ahmed     Sherif Sagaya     Ebun-Olu Adegboruwa     Ibraheem Adeola Katibi     Lai Gobir     Durosinlohun Kawu     Baba Isale     Moro     Amada Jidda     Kisra     Offa     Gbenga Adebayo     Tayo Alao     Lafiagi     Dele Momodu    

Cloud Tag: What's trending

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

Boko Haram     Tuesday Assayomo     A.G.F Abdulrasaq     Yakubu Gobir     Wahab Olasupo Egbewole     Abdulrahman Abdullahi Kayode     IYA ALFA NLA     Peter Obi     BECE     TESCOM 2025     Abubakar Suleiman     Solomon Edoja     Opolo Global Innovation Limited     Muideen Olaniyi Alalade     Mohammed Yisa     Galadima     Afeyin-Olukuta     JAAC     Saliu Alamoyo     Owo Arugbo     Saka Saadu     Tanke     Seun Bolaji     Kwasu     Olumide Daniel Ibitoye     Rashidi Yekini     Issa Baba     Kwara State Television     KWSIEC     Funmilayo Braithwaite     Aliyu Kora-Sabi     Ike Ekweremadu     TESCOM     SWAN     Democracy Day     Micheal Imodu-Ganmo Road     Olatunji Ayeni     PPS     Yakub Lai Gobir     Bilikis Oladimeji     ASUU     Adanla-Irese     QuickWin     Bareke     Agbarere     KWTV     Adedeji Onimago     Abdulwasiu Bolaji Adeyi     Baboko     Unilorin     Senior Staff Union Of Colleges Of Education     Police Commissioner     Modupe Oluwole     Nupe     Isau     HICA     Kemi Adeosun     Kola Olota     Isiaq Khadeejah     Awodun     Shonga     Charles Ibitoye     Undergraduate Bursary     Chief Of Staff     Bond     Akume     Bamidele Adegoke Oladimeji     AbdulKareem Yusuf Danhawa     March 28     Oluwarotimi Boluwatife Adenike     Salmon Babatunde Salmon     National Information Technology Development Agency     Ibrahim Abdulqadir Abikan     Kola Ologbondiyan     IHS     Emir Of Ilorin     Dan Iya Of Ilorin