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.

PPS     Tricycle Owners Association Of Nigeria     Kwara Metro Park     College Of Health     Kwara Polytechnic     Yahaya Seriki     Shettima Of Ilorin     Lanre Olosunde     Abdulraheem Yusuf     Ethical College     Abdulhakeem Adelaja Amao     John Dara     Bayo Ajia     Ishola Moses Abiodun     Kwara State Coalition Of Business And Professional Associations     Mutawali Of Ilorin     Femi Oladiji     Sodiya     N-Power     Mahmud Babatunde Baker     Okin Biscuits     Logun     Ganiyu Taofiq     MalHub     Tope Daramola     Shoprite     Women Radio     Agor Market     Niyi Osundare     New Naira Notes     Prince Mahe Abdulkadir     Aisha Ahman-Pategi     Ajia-Bako     Shaykh Luqman Jimoh     Modibbo Kawu     Salman Alada     Yemi Sanni     Victor Gbenga Yusuf     Standard Organization Of Nigeria     Galadima     Olufolake Abdulrazaq     YAKOOYO     Buari Edun     Erubu     Olatunji Moronfoye     Tescom.kwarastate.gov.ng     Hussein Olokooba     Majlis For Sadakah, Zakat And Waqf     Danladi     Bukola Ajikobi     Oniye     Bayo Onimago     Wole Oke     Kwara NIPR     Amuda Bembe     Kazeem Adekanye     Sherif Shagaya     Sola Saraki Educational Foundation     Abdulmajeed Wahab     Kwara TV     Mustapha Olanipekun     Ogidi-Oloje     Segun Abifarin     Yusuf Abdulraheem     Abdulhakeem Amao     Ladi Hassan     Salihu Ajia     Ojuekun Sarumi     Police Commissioner     National Union Of Road Transport Workers     Oba-Solagberu     Babatunde Idiagbon     IHS Towers     Islamiya Abdulraheem     Senate Presidency     Share-Tsaragi     Idris Amosa Saidu    

Cloud Tag: What's trending

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

Abioye Bello     Tanke Flyover Bridge     Joseph Alex Offorjama     Amusa Bello     Shuaibu Yaman     Magaji Are     Bayer Nigeria Limited     Adaramaja     Just Event Online     Balogun-Ojomu     Sheikh Ridhwanullah El-ilory     Sa\'ad Alanamu     Computer Based Test     Olaoye B. Felix     Elerin Of Erin-Ile     Abdulrazaq Solihudeen     Sunday Otokiti     Opobiyi     Bolakale Kawu     Press Release     Femi Agbaje     Ilorin South     Samari     Yoonus Kola Olatinwo     Lanre Badmus     Emir Of Yashikira     Olabode George Towoju     Kumbi Titilope     Ajikobi     Mashood Dauda     Olaiya Lawal     Oni Adebayo     Olaiya Zuberu     Oniye     Alapansapa     Olomu     Shuaib Boni Aliyu     Sulyman Atolagbe Alege     NAWOJ     Oba-Solagberu     Freshvine Nigeria Limited     Oluwarotimi Boluwatife Adenike     Timothy Olatunde Fadipe     John Olobayo     Erin-ile     Muhammed Taofeeq Abdulrazaq     Moro     Olokoba Sulyman     Sarafadeen Kayode Akorede     Eleja     Okeose Christian Cementary     Imam Gambari     Nigeria Association Of Women Journalists     Mohammed Haruna     Abdullahi Adisa Akodudu     Olabode Towoju     Sanusi Abubakar     Olosi Of Osi     Forgo Battery     Dankaka     Awodun     Hydro-electric Power Producing Areas Development Commission     Afolasade Opeyemi Kemi     Abdulfatah Ahmed     Monthly Sanitation     Galadiman Ngeri     Kwara Primary Health Care Development Agency     Ilorin International Airport     Kolawole Bashirat     SSA Youth Engagement     Abdulrazaq Sanni     Olatunji Ibrahim     Ibrahim Bio     Asa     ARMTI     Government House     Abiodun Jacob Ajiboye