Money vendors: Police arrests sellers of newly minted Naira notes in Anambra state.


As indicated by the State Commissioner of Police, Mr. Garba Umar, the Central Bank of Nigeria, CBN, has raised alert over the illicit action continuing for some time now unchecked and calls for quick activity to capture the offenders who even audaciously show them out in the public as a  product.

Mr. Garba while tending to the press over the issue refers to segments 20 and 21 of the CBN Act that makes it an offense for anybody to offer or sell naira or coin issued by the Central Bank of Nigeria, alerts residents to stop from mishandling the naira and says those captured will be arraigned.

At the Anambra State Police Headquarters in Amawbia, seven suspects have been paraded by the police for illicit exchanging and selling of recently printed notes in Onitsha.

The police after capturing the suspects on December 21st additionally recuperated more than four million naira recently stamped notes.

Mr. Garba expressed that seven individuals were with two everywhere, who are neck-somewhere down in the movement and says they will be arraigned.

One of the speculates talking on his inclusion in the loathsome action says he doesn't know the wellspring of the recently printed notes as he purchases from a merchant.

Happy periods dependably accompany exercises with individuals taking part in free splashing of cash which may warrant one searching for recently printed cash, the Commissioner of Police says the CBN is not kidding with closure the illicitness of individuals exchanging on naira and anyone discovered participating in the business will be indicted, including that forceful examination is going ahead to discover who is the wellspring of the dissemination of the recently stamped cash either from the bank or wherever.

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