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

Horror as a whistle blower uncovers horrific abuse Chinese company in Aba allegedly subject their Nigerian staff to

                                     A whistleblower has exposed the horrific abuse and discrimination he allegedly uncovered in a Chinese company operating in Nigeria.   The Twitter user said the company located in at Umuahala, Obuzor Asa, in Ukwa West LGA of Abia State, is managed by Chinese while most of their workers are Nigerians.     However, he said the Nigerian staff are made to work under the most "dehumanizing conditions ever known to mankind".   He reported that every Nigerian staff is expected to call every Chinese staff "Master or Mistress".   He added that "male Nigerian workers are physically assaulted, while their female counterparts are sexually assaulted without any consequence."   When a Nigerian staff errs, the Chinese staff allegedly employ the services of Nigerian soldiers to discipline them mercilessly.    ...
Post a Comment
Read more

Straying cows cause ghastly motor accident in River

Straying cows owned by suspected Fulani herdsmen caused a ghastly accident along the Port Harcourt Airport road in Rivers state. The straying cows came out from the bush, facing sn oncoming Toyota Camry. The car got damaged when the driver tried to avoid hitting the straying cows.  A witness at the scene of the accident, Ezebunwo Ichemati, shared the experience on Facebook, wrote The Rivers State Government and House Of Assembly should as a matter of urgency propose and pass into law the Anti Open Grazing bill to save our Daughters and Sons from the carelessness of these Fulani Cattle rearers on our roads. On my way back from Etche along the Port Harcourt airport road that leads to obiri Ikwerre, I saw two cows lying lifeless on the road and also a damaged toyota camry car on same road and this caused serious traffic. I alighted from the car, got very close to the accident scene,only to discover that a Facebook friend of mine Miss Nengi was the passenge...
Post a Comment
Read more

Abuja-based businessman beaten to death by unknown assailants in Enugu

An Abuja-based businessman was beaten to death by unknown assailants in Enugu. The deceased, Chinedu Nzegwu popularly known as Obroshoo by friends, was attacked by the assailants few days before his return to Abuja. They reportedly hit him with a stick on the head leaving him for dead. Late Nzegwu, a Pure and Industrial Chemistry graduate of the University of Port Harcourt,  is a former student of Dennis Memorial Grammar School DMGS, Onitsha, Anambra State. His friends and family members have taken to Facebook to mourn his tragic death. One of them Nwachi Viktor, wrote: "Murdered in cold blood in Enugu by fellow ndi igbo. Another young and hardworking man from Onitsha.He was my junior in Dennis Memorial Grammar school Onitsha. Trying to understand why they had to beat him to death,he was never a thief and came from a good home. Rest in peace Chinedu Nzegwu. No one is safe in Nigeria!"
Post a Comment
Read more