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

Man remanded for allegedly defiling minor

                                                  An Ado-Ekiti Magistrates’ Court yesterday remanded a 33-year-old man, Uchenna Igbwe, in prison custody, for alleged defilement of a minor. Magistrate Omolola Akosile did not take the plea of the accused, as there was no legal representative to stand for him. She referred the matter to the Director of Public Prosecution (DPP) for legal advice, and adjourned the case till July 2 for mention. The accused, whose address was not provided, is standing trial on a one-count charge of child defilement. Prosecutor Monica Ikebuilo told the court the accused committed the offence on May 14 in Ado-Ekiti. She alleged the accused lured the four-year-old girl and defiled her. Ikebuilo said the offe...
Post a Comment
Read more

SARS officers allegedly chase three suspected internet fraudsters to their death

  Young men in Osogbo, Osun state took to the streets to protest after three suspected internet fraudsters were allegedly chased to their death by SARS officers today September 15 According to eyewitnesses, the young men were riding in their car when the SARS officers attempted to stop them. They refused to stop and the SARS officers engaged them in a hot chase. The driver of the car veered off the road and hit an electric pole. While one of the occupants in the car died on the spot, two others died later. Aggrieved youths in the area dumped one of the corpses in front of Osun Government House, Oke Fia, and destroyed a motorcycle. Also, the protesters, who were mostly youths, also targeted police operatives and attacked many bystanders around Oke Fia, Alekuwodo, and Ilobu road.   The spokesperson of the state police command is yet to comment on the incident.
Post a Comment
Read more

South African lady and three gunmen allegedly kidnap Nigerian man from a church in Johannesburg

A South African lady yesterday, allegedly led three gunmen to a church and kidnapped a Nigerian national. The incident reportedly happened on Sunday, January 20,  in Florida,  Roodepoort, a city in Johannesburg, Gauteng province, South Africa. According to the Nigerian man, who disclosed this on Facebook, the lady and her gang took the victim to Kempton Park and beat him up. Read post below: "SITUATION TODAY IN FLORIDA IN ROODEPOORT.  A SOUTH AFRICA LADY TOOK 3 GUN MEN TO CHURCH AND KIDNAP A NIGERIAN AND THEY TOOK HIM TO KEMPTON PARK AND HE WAS BEATEN AND THEN TAKING TO HIS HOME TO ROB HIM TOO AND UNFORTUNATELY THEY WERE APPREHENDED BY THE GATE AND THE GUYS RAN AWAY AND LEFT THE SOUTH AFRICAN LADY, NOW THE POLICE OFFICERS IN FLORIDA POLICE STATION ARE TRYING TO COVER UP EVERYTHING WITHOUT LOCKING UP THE GIRL. RIGHT NOW WE ARE STILL OUTSIDE THE POLICE STATION AND THE GIRL IS STILL BY THE POLICE STATION SEATING COMFORTABLY."
Post a Comment
Read more