In a renewed clampdown on Naira vendors and sellers, Men of the Lagos Police command have arrested 8 suspects following what it described as its response to credible intelligence.
Lagos Police Public Relation Officer, Bala Elkana while confirming the arrest to Tbe page said ”acting on credible intelligence, Lagos State Police Command in collaboration with Central Bank of Nigeria and other sister security agencies raided markets within Ikeja and environ where Nigerian currency is illegally traded.”
According to him, the operation was carried out on Friday 12th and Saturday 13th July, 2019 with the identity of the suspects given as Adetoro Adijat 37 , Mahmoud Ayoola 42, Eze Madu 27,Olorunfunmi Shakirat 38, Akonji Julius 40, Olalekan Kadri 23,Akinsonya Abiodun 34,and Adeniyi Yetunde 30 years old.
They were arrested in connection with the crime. A cash sum of Two million, four hundred and forty thousand, five hundred and fifty Naira (#2,440,550.00) mint of different denominations, used in the illicit trade and other exhibits were recovered.
The Police spokesman informed that Investigation is ongoing to ascertain the source of the mints currency adding that the suspects will be charged to court under section 20 and 21 of the CBN Act 2007.
It is a punishable offence under the CBN Act, for any person or group of persons to hawk, sale or otherwise trade in the Naira notes, coins or any note issued by the Central Bank of Nigeria. Upon conviction the offenders will be liable to imprisonment for not less than six months or a fine not less than N50,000 or both.
The Police reiterates the need for the public to note that, acts of spraying the Naira notes at occasions, soiling and writing on the Naira, squeezing the Naira, as well as hawking and selling of the country’s currency notes, are abuses of the naira and are punishable by law.
The Command admonished that We all have a duty to protect the Naira as the currency forms part of the symbols of our national identity and thereby, appealed to the General Public to report any person or group of persons seen abusing the Naira to the Police or any law enforcement agency.
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