Police Seize N2.4 Million From Naira Mint Vendors After Their Arrest In Lagos (Photo)

Date: 15-07-2019 5:21 am (4 years ago) | Author: kacy lee
- at 15-07-2019 05:21 AM (4 years ago)
(f)

Men of the 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

A statement from the command’s spokesperson, Bala Elkana, says the operation was carried out on Friday 12th and Saturday 13th July, 2019.

 
Eight suspects namely, Adetoro Adijat ‘f’ 37years old, Mahmoud Ayoola ‘f’ 42years old, Eze Madu ‘m’ 27years old, Olorunfunmi Shakirat ‘f’ 38years old, Akonji Julius ‘m’ 40years Olson, Olalekan Kadri ‘m’ 23years old, Akinsonya Abiodun ‘m’ 34years old and Adeniyi Yetunde ‘f’ 30years old were arrested in connection with the crime.

 
According to Bala, 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.



Investigation is ongoing to ascertain the source of the mints currency.

Bala added that  the suspects will be charged to court under section 20 and 21 of the CBN Act 2007. He stressed that it is a punishable offence under the CBN Act, for any person or group of persons to hawk, sell 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.

”It is important for members of 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.

We all have a duty to protect the  Naira as our currency forms part of the symbols of our national identity. The Command 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” the statement read

Posted: at 15-07-2019 05:21 AM (4 years ago) | Addicted Hero
- Doyourworst at 15-07-2019 08:35 AM (4 years ago)
(m)
As long as the currency is genuine, they have no case to answer. local currency handlers  has been on existence as long as I could remember. So, it's nothing New.
Posted: at 15-07-2019 08:35 AM (4 years ago) | Gistmaniac
Reply
- dankinalo at 15-07-2019 11:20 AM (4 years ago)
(m)
if them want mk we appreciate the naira then mk them let d naira get value. how can we appreciate wat dont HV value.
Posted: at 15-07-2019 11:20 AM (4 years ago) | Newbie
Reply
ReplyFollow
Login To Post Reply

Latest Updates

One Dies, Three Hospitalised As Building Partially Collapse In Lagos

Singer, Celine Dion Opens Up On Her Health Struggles

Bullying: Lead British International School in Abuja Shut Down

How 18Yr Old Boy Fakes His Own Kidnap To Extort Father

Embattled Actor, Baba Ijesha Files Appeal Challenging His 5Yrs Imprisonment Over Rape

Deji Adeyanju Threatens Lead British International School Over Bullying Of Namtira Bwala

Ogun Seals Three Worship Centres Over Noise pollution

Rapper Megan Thee Stallion Sued By Cameraman Claiming He Was Forced To Watch Her Have S3x

One Dies Of Heart Attack As Bride-To-Be's Family & Passengers Foil Kidnap Attempt, Kill Bandit In Zamfara

More Featured Topics

fire TRENDING GISTS fire

THIS WEEK

  1. Davido Reveals Fate of Peruzzi And Other Signed Artistes After Dissolving DMW Record Label

  2. Abia Police Parade Suspected Criminals, Including ABSU Student Involved In Fatal Shooting

  3. How Past Abia Govt Paid N107.2 Bn To Contractors For Non-existent Abia Airport & Other Projects

  4. Pastor, David Odeniyi Seeks Divorce After Wife Strips Him Nak3d In Front Of His Congregation

  5. 'Brand Ambassador', Phyna Calls Out Pepsi For Supplying Her Expired Drinks

  6. Ex-Nigerian Customs Sole Administrator, Omlago Ango Damages Estranged Wife's Abuja Home

  7. Abia State Police Arrest Suspects Linked To Mysterious Death of 23-Yr-Old Hope Chinedu Prosper

  8. Lady Who Was Dragged For Wearing a Racy 'Asoebi' Outfit to a Wedding Reception Breaks Silence

  9. UNIPORT Lecturer Caught on Camera Pants Down, S3xually Harassing a Female Student in His Office

  10. Nollywood Actress Toyin Abraham Extends Olive Branch To Funke Akindele,Calls For Industry Unity

TOP MEMBERS:
  • gogoman 1168
  • fineboy77 786
  • felicilin 575
  • bohlah 299
  • kacylee 290
Read More

Featured Topics

. One Dies, Three Hospitalised As Building Partially Collapse In Lagos

. Singer, Celine Dion Opens Up On Her Health Struggles

. Bullying: Lead British International School in Abuja Shut Down

. How 18Yr Old Boy Fakes His Own Kidnap To Extort Father

. Embattled Actor, Baba Ijesha Files Appeal Challenging His 5Yrs Imprisonment Over Rape

. Deji Adeyanju Threatens Lead British International School Over Bullying Of Namtira Bwala

. Ogun Seals Three Worship Centres Over Noise pollution

. Rapper Megan Thee Stallion Sued By Cameraman Claiming He Was Forced To Watch Her Have S3x

. One Dies Of Heart Attack As Bride-To-Be's Family & Passengers Foil Kidnap Attempt, Kill Bandit In Zamfara

. Watch Drama As Passenger Refused Drunk Driver To Convey Them To Their Destination

. Speed Darlington Drags His Aunt For Threatening To Kill Him After Asking Her To Remove Her Church Built On His Land

. Group Hits Hard On IGP For Opposing Establishment Of State Police

. How Man Cut Off His Mum’s Hand So He Could Use Her Fingertips To Steal Cash From Account

. Manchester United v Sheffield: English Premier League Match,Team News,Goal Scorers and Stats

. VID: Suspected Cultist Who Killed Final Year ABSU Student Pleads For A Second Chance

. Everton v Liverpool: English Premier League Match,Team News,Goal Scorers and Stats

.. Nollywood Actress, Faithia Williams Mourns Death Of Her Father

. ‘There’d Have Been Casualties’ – EFCC Boss Reveals Why Yahaya Bello's Arrest Failed

. UNN Suspends Sex-For-Grade Lecturer In Viral Video

. Eniola Badmus Sparks Mixed Reactions as She Shows Off The Interior of Her House (VID)

. You Bit The Fingers That Fed You - Actress Hilda Dokubo Shades Gospel Singer Mercy Chinwo

More Featured Topics