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

Again, EFCC Arrests Internet Fraudsters

                                       The Economic and Financial Crime Commission, EFCC, has arrested three suspected internet fraudsters, at No 24, 1st Avenue, Fort Royal Estate, Airport road, Abuja. The suspects are; Marvin Nwankwo, Prince Ojenike and Jude Olatekobowale. They created a Facebook account with the following names: Rodney David; David Rodgers and Carlos David, respectively. Their arrest was based on intelligence report that the suspects turned the said residence as their office, using laptops, phone and other gadgets to defraud innocent people, including foreigners, of their hard earned money and other valuables.                           ...
Post a Comment
Read more

FBI charges juvenile, two others over celebrity Twitter hack

                               The United States’  Federal Bureau of Investigation  (FBI) has charged three persons including a juvenile over their alleged roles in the  Twitter  security incident that resulted in a cryptocurrency scam worth thousands of dollars. On July 15, PREMIUM TIMES  (reported how)  the social media giant was infiltrated by hackers who broke into 130 accounts, including those belonging to ex-President Barack Obama, ex-Vice President Joe Biden and billionaires Bill Gates and Elon Musk. The announcement of the charge was made by United States Attorney David L. Anderson; Acting Assistant Attorney General Brian Rabbitt of the Justice Department’s Criminal Division; FBI Special Agent in Charge John L. Bennett; and some other officials. The three facing charges are Mason Sheppard, Nima Fazeli and a juvenile, whose identity was protected in pursuant to the Federa...
Post a Comment
Read more

LITHIUM ION BATTERY SAFETY FOR CONSUMERS SAFETY

Lithium ion batteries supply  power to many  kinds of devices including smart phones, laptops,  scooters,  e-cigarettes,  smoke alarms,  toys,  and even cars. Take care  when using them. In rare cases,  they  can cause a fire or explosion. THE PROBLEM  1🔸These batteries store a large amount of energy  in a small amount of space. 2🔹Sometimes batteries are not used the right  way; batteries not designed for a specific use can be dangerous.  3🔸Like any product, a small number of these batteries are defective. They  can overheat, catch fire,  or explode.  SAFETY  TIPS. 1🔹Purchase and use devices that are listed by  a qualified testing laboratory. 2🔸Always follow the manufacturer’s instructions.  3🔹Only use the battery  that is designed for the device.  4🔸Put batteries in the device the right  way.  5🔹Only use the charging cord that cam...
Post a Comment
Read more