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.

Kwara 2023     Damilola Yusuf Adelodun     State Bureau Of Internal Revenue     Amusement Park     Trader Moni     Revenue Court     Bolakale Kawu     Esinrogunjo     Shettima     Government House     Medinat Folorunsho Salman     Ijagbo Health Centre     Agboola Abdulraheem     Agbarere     Usman Yunusa     Ahmed Bolaji Nagode     Kamaldeen Ajibade     Sarafadeen Kayode Akorede     Adedipe     Sheu Ndanusa Usman     Borgu     Roseline Oni Aremu     Afonja     Universal Basic Education Commission     Sulyman Atolagbe Alege     Jimoh Lambe Abdulkareem     SAPZ Project     Otoge     Ayinde Oyepitan     Deji Ajani     Eghe Igbinehin     Florence Saraki     Ilorin Airport     Kale Kawu     Abdulraheem Yusuf     Femi Ogunsola     Segun Adeniyi     Daud Adeshola     Bolaji Abdullahi     Okin Malt     IEDPU     Ojo Isekuse     Orisun Igbomina     Saadu Alanamu     Towobola Abdulrahman Toyin     Metro Park     Ajase-Ipo     NITDA     NIPOGA     Adeleke Ogungbe     Yahaya A Paniyaro     Yemi Sanni     Idowu Laro     Ethical College     Amuda Aluko     Aliyu Sabi     Busari Toyin Isiaka     Mufutau Olatinwo     Code Of Conduct Bureau     Millennium Development Goals     New Model Police Station     Elelu     Shuaibu Yaman Abdullahi     Saliu Alamoyo     Samuel Elizabeth Keatswa     Kwara State University Of Education     Yakubu Gobir     Kwara State Printing And Publishing Corporation     Toyin Olayinka Tejidini     Ridwan Agboola     Abdulrazaq Magaji     Tunde Kazeem     Innocent Okoye     Mashood Dauda     Abdulkareem Alabi     SWAN     Kwara State Fish Farmers Association    

Cloud Tag: What's trending

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

Temitope Ogunbanke     Shettima     NURTW     Salau Kabiru Abdullahi     Balikis Jawondo     AbdulRaheem Ahmad Shayi     Otunba Taiwo Joseph     Sheu Ndanusa Usman     Mansurat Amuda-Kannike     Usman Rifun     Women For Change And Development Initiative     Dele Belgore     Harafat E. Mukadam     Alaro     Elerin Of Adanla Irese     Saudat Abdulbaqi     07039448763     KWASSIP     Elesie Of Esie     Adamu Jemilat-Baki     Metro Park     Kwha.gov.ng     Aliyu U. Tilde     Onilu     Niyi Osundare     Oba Sulaiman Asude     Aminu Adisa Logun     Haleeman Salman     Yoruba     Abdulfatai Ahmed     Dauda Adesola     Ogbondoroko     Yemi Sanni     Ahmed \'Lateef     Bankole Omishore     Sam Okaula     Suwa-Arabs     NAWOJ     AIT Ilorin     HICA     Valsolar     Junior Secondary School Certificate Examinations     Bankole Omisore     Towobola Abdulrahman Toyin     Clement Yomi Adeboye     Ahmad Lawan     Adolescent Girls Initiative For Learning And Empowerment     Ayodele Olaosebikan     Ganmo Electricity Sub-Station     Amina El-Imam     Kayode Ibrahim     Nigerian Correctional Service     Alaiye     Goodluck Jonathan     Abdulahi Abubakar Bata     Ibrahim Mashood     Abdulkadir Jimoh     Elections     The Herald     M.Y. Abdulrahaman     Owode Market     Madawaki     Alapado     Pius Abioje     CUTI     Lawyers Unite Against Corruption     Odogun Olushola Gabriel     FOMWAN     Imodoye Writer’s Enclave     Ezekiel Yissa Benjamin     Peculiar Allowance     Muyiwa Oladipo Kanu     Abdullahi AbdulMajeed     Suleiman Alege Kuranga     Sayomi     Ibrahim Bio     University Road