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.

Wale Oladepo     Abubakar Baba     AbdulRahman Saad     Rueben Parejo     Abdulsalam Firdaous Amosa     Ajidagba     Kamaldeen Ajibade     Issa Memunat Moyosore     Maigidasanma     Ubandawaki     Yinka Aluko     Alagbado     Grillo     Abdulsalam A. Yusuf     Siddiq Adebayo Idowu Salawu     Ibraheem Abdullateef     Olatunde Michaels     Omotosho     Sidikat Alaya     Shaykh Luqman Jimoh     Towoju     Gaa Olobi     Gafaru Olayiwola Olorisade     Isiaq Khadeejah     Deji Ajani     Modibo Kawu     Ileloke     Babata     Otoge     Lasiele Alabi Yahaya     Alanamu     Tunde Idiagbon Road     Gabriel Fashanu     Kazeem Oladepo     Chief Imam Of Ilorin     Radio Kwara     Suleiman Mora Omar     Benin Republic     Yahaya Muhammad     Gbemisola Saraki     Alabi Lawal     Adisa Logun     Yusuf Abdulwahab     Rex Olawoye     Ahmed Alhasssan     Taofeeq Olateju     Abdulmumini Sanni Jawondo     Funmilayo Braithwaite     Moshood Bakare     Lukman Oyebanji Fagbemi     Opaleke Bukola Iyabo     Salmon Babatunde Salmon     Makama Of Ilorin     Samuel Adedoyin     ENetSuD     Moses Adekanye     Nigeria Foundation For Artificial Intelligence     Hassan Abdulazeez Elewu     Muazam Nayaya     S.O. Opowoye     Mary Kemi Adeosun     Bello John Olanrewaju     Matthew Babaoye     Nnazua     Danhawa     Crystal Corner Shops     Tayo Alao     KWIRS     Tanke     Dauda Adeniran Adeshola     Amos Justus Sayo     Hassan Oyeleke     Bolaji Abdullahi     Abdulkareem Alabi     Isiaka Gold     AbdulRazaq Jiddah     Isiaka Alikinla    

Cloud Tag: What's trending

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

Lawan     Rihanat Ajia     Justina Oha     Abdulrazaq Sanni     Isiaq Khadeejah     Amosa     Marafan Shonga     Edret Sabi Abel     Bashirat Bola Bello     Ilorin Durbar     Hauwa Nuru     Ridwan Agboola     Yahaya Oloriegbe     Maja     Buhari     Musbau A. Akanji     Olabanji Orilonishe     Abraham Ojo     Egbejila     Folashade Omoniyi     Saheed Popoola     Mufutau Olatinwo     Aliyu Olatunji Ajanaku     Elelu     Ilorin Amusement Park     KSIRS     Usman Alkali Baba     Oja-Oba     Umar Adelodun     Tunde Akanbi     Kwara University Of Education     Mustapha AbdulGaniyu     Mohammed Kamaludeen     Toyin Falola     Idowu Aremu     Esuwoye     Undergraduate Bursary     Gurei     Sidikat Alaya     Curfew     C2c@kwarastate.gov.ng     Bamikole Omishore     CLAY POT     Bankole Omisore     Gaa Olobi     Shoprite     New Naira Notes     Abdulrasheed Akogun     MAI Akande     Kolawole Bashirat     University Road     Abdulrahman Abdullahi Kayode     Owo Arugbo     Shade Omoniyi     Patience Jonathan     Abdulmumini AbdulRazaq     Abdulwasiu Bolaji Adeyi     Dauda Adesola     Ishola Moses Abiodun     Democracy Day     Bursary     Amuda Aluko     Emir Of Kano     Emir Of Ilorin     Colleges Of Education Academic Staff Union     Fareedah Dankaka     Federal Road Maintenance Agency     Jimoh Bashir     Pategi     Abubakar Kawu Baraje     Adekunle David Dunmade     Alapansapa     Jare Olatundun     Dogara     Folorunsho Erubu     Moronfoye     Centre For Community Empowerment And Poverty Eradication