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

Kano Hisbah Board destroys 30 trailer loads of beer worth N150 m

                                   The Kano State Hisbah Board has seized and destroyed 30 trailer loads of beer worth N150 million. In a statement released on Tuesday December 25th, the board’s Public Relations Officer, Adamu Yahaya, said that the cartons of beer were destroyed on Monday evening December 24th after interception at Kalebawa on Danbata Road in Dawakin Tofa area. “The Kano State Law No. 4 of 2004 has banned the manufacture and use of intoxicants in the state. Furthermore, an order was given by a magistrates’ court for us  to go ahead with the exercise,” the public relations officer said. The worth of a trailer load of beer is between N5.2 million and N5.5 million. The sale of beer and its consumption has been banned in Kano state.
Post a Comment
Read more

Boko Haram members attack community in Borno state; raze hospital and Telecoms mast

                                 Suspected Boko Haram members have attacked Magumeri community in Borno State, destroying the only functional telecommunications mast, a hospital recently equipped by the Borno State Government and other facilities.   According to reports, the insurgents invaded the community at about 4pm on Monday, August 17, shooting sporadically. The military airstrike engaged the sect members in a gun battle but it did not deter the sect members who destroyed anything in sight. A woman was reportedly killed in the crossfire while several other persons sustained injuries.   Magumer which has witnessed a series of Boko Haram attacks, is about 40km drive from Maiduguri, the state capital.   See more photos from the attack below   Credit-LIB
Post a Comment
Read more

Woman drags her husband's mistress by her hair after catching them at the airport trying to jet off on a romantic holiday

A furious wife gave her husband and his mistress the embarrassment of their lives after she caught them at the airport jetting off on a romantic holiday. In a video captured by another passenger, the jilted wife can be seen confronting her husband who was wearing his gold wedding ring and his mistress at José María Córdova International Airport in Colombia . The furious wife insulted the pair and went as far as grabbing her love rival by the hair at the airport check-in queue, before her husband tries to fend her off. 'On Saturday you were going to take me out with the little one and today you're taking her,' she can be heard saying in Spanish.'Get rid of her or I'll cause a scandal right now. I'm not going to let go. Hit me if you want so they throw you in jail.' She went on to slam her husband's mistress, calling her a 'prostitute' before turning to her partner and called him 'fake and a liar'. The clip ends ...
Post a Comment
Read more