Market News

Five in police net for selling naira notes in Ogun - NIGERIAN TRIBUNE

APRIL 15, 2018

BY  Olayinka Olukoya 

IVE persons have been arrested by the Police in Ogun State for allegedly selling Naira notes. They were arrested in different parts of the State over the weekend, during a sting operation jointly carried out by police operatives of the Ogun State Police Command and officials of the Central Bank of Nigeria.

In a statement by the Command’s Police Public Relations Officer, Abimbola Oyeyemi said the arrest was in line with the provisions of section 21(1) of the CBN act 2007 which made Hawking, selling and abuse of Naira a punishable offence.

Those arrested were Toyin Alegbe, Kehinde Akinbode, Shoneye Latifat, Kehinde Olanrewaju and Iyanuoluwa Shokunbi.

 

Various denominations of Naira notes totalling 1,560,000 was recovered from the suspects who were publicly exhibiting their illicit trades.

The Commissioner of Police, CP Ahmed Iliyasu had directed the Deputy Commissioner of Police in charge of State Criminal Investigation and Intelligence Department, Aminu Alhassan to commence full scale investigation into the activities of these suspects with the view of bringing to book others in their shoes and prosecute them accordingly.

The CP equally warned members of the public to desist from any act capable of soiling, abusing or destroying the Naira which is one of the symbols of our national identity.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
Real Time Analytics