Skip to main content

Police arrests 7-suspects selling new Naira notes

Selling newly minted naira notes is an offence that attracts six months imprisonment and seven suspects are now in police net for trading and hawking newly minted naira notes in Onitsha, Anambra state.

According to the State Commissioner of Police, Mr. Garba Umar, the Central Bank of Nigeria, CBN, has raised alarm over the illegal activity going on for a while now unchecked and calls for swift action to arrest the culprits who even brazenly display them in public as a product.

Garba while addressing the press over the matter cites sections 20 and 21 of the CBN Act that makes it an offence for anyone to sell or hawk naira or coin issued by the Central Bank of Nigeria, cautions citizens to desist from abusing the naira and says those arrested will be prosecuted.

At the Anambra State Police Headquarters in Amawbia, seven suspects have been paraded by the police for illegal trading and hawking of newly minted notes in Onitsha. The police upon arresting the suspects on December 21st also recovered over four million naira newly minted notes.

Mr. Garba stated that seven people were with two at large, who are neck-deep in the activity and says they will be prosecuted. One of the suspects speaking on his involvement in the nefarious activity says he does not know the source of the newly minted notes as he buys from a dealer.

Festive periods always come with activities with people engaging in free spraying of money which may warrant one looking for newly minted money, the Commissioner of Police says the CBN is serious with ending the illegality of people trading on naira and anybody found engaging in the business will be prosecuted, adding that aggressive investigation is going on to find out who is the source of the distribution of the newly minted money either from the bank or wherever.

Comments

Post a Comment

Popular posts from this blog

Ex-NNPC Boss, Andrew Yakubu, seeks to quash money laundering charges

A former Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu, is seeking to quash money laundering charges brought against him by the Economic and Financial Crimes Commission, EFCC, as he files a “no-case” submission before Justice A.R. Mohammed of the Federal High Court, Abuja. In the no-case submission dated November 6th 2018, and filed through his counsel, Anone Usman, Yakubu aked the court to strike out the charges against him, and discharge and acquit him, arguing that “the evidence led by the prosecution’s seven witnesses did not establish a case” against him, necessitating him to defend himself. Recall that a special operation conducted by EFCC operatives on 3rd February, 2017 on a building belonging to Yakubu in Kaduna state, yielded the recovery of a staggering sum of $9,772,800 (Nine Million, Seven Hundred and Seven Two Thousand, Eight Hundred United States Dollars) and another sum of £74,000 (Seventy Four Thousa...
Post a Comment
Read more

Nigerian man allegedly killed by his wife in Cameroon

                 A Nigerian man resident in Yaounde, Cameroon was allegedly killed by his wife after he discovered she was having an affair with the husband's apprentice who also lived in the house with them. Chinenye Adaeze Okeke allegedly beat Ugochukwu Okeke to death with the help of the apprentice during an argument over the affair going on in their home. They then wrapped him up and tried to dispose of the body but were caught and are now in police custody. The couple have 5 kids together and are both natives of Anambra state. Ugochukwu AKA Alino was the only son of his mother. Nnewi youths stormed the family home of the wife in Mabanagu, Otolo Nnewi on Saturday and went on a rampage. They allegedly demolished the house. The youths also left the house with a photo of Chinenye which they paraded round the village with while mourning her alive. 
Post a Comment
Read more

Nigerian woman arraigned in court for allegedly defrauding Pastor of N23.3m

                                The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office,yesterday arraigned one Olawunmi Dilureni before Justice S.O. Solebo of the Lagos State High Court sitting in Ikeja on an eight-count charge of conspiracy, obtaining money by false pretence and stealing to the tune of Twenty-three Million, Three Hundred and Twenty Thousand Naira (N23, 320, 000. 00). The defendant alongside Lola Aremu Anjorin, Tunde Jamiu, Oluremi Osobu and Home Concepts Limited( all at large) allegedly conspired to defraud a popular Lagos pastor, someone else named Nellie St. Matthew-Daniel and Eyitope St. Matthew-Daniel of the money. One of the count reads:" That you, Olawumi Dilureni, on or about the 16th day of April, 2013 at Lagos, within the jurisdiction of this Honourable court, obtained the sum of N10, 000, 000. 00 (Ten Million Naira only) from one Dr. Anthony Rapu under the pr...
Post a Comment
Read more