Police, in conjunction with the Central Bank of Nigeria (CBN), have arrested 12 women for selling naira notes in parts of Lagos State. The women were allegedly selling mint naira notes to people going to parties to ‘spray’. They were arrested during a raid by officials of CBN and operatives of the State Criminal Investigation and Intelligence Department (SCIID), Panti, Yaba.
The suspects are likely to be charged for contravening Section 21 of the CBN Act, 2007. The suspects included Fausat Jimoh, Bisoye Oyegbile, Balikis Ajadi, Bisola Amoru, Abidemi Oladejo and Ajoke Suraj. The Deputy Commissioner of Police (DCP) in charge of SCIID, Bolaji Salami, said six others were arrested penultimate weekend.
He said: “We are clamping down on those abusing our currency. It is an offence to sell naira notes at weddings or any gathering. It contravenes the CBN Act. We arrested six suspects the previous weekend and later arrested six others on Friday.
We recovered N35,500 from these suspects but N465,000 was recovered from those arrested last week. “They would be charged to court as soon as possible. Investigation would reveal how these suspects come about these new currencies. We are going to get to the root of it because the offence is punishable by N50,000 fine, or six months imprisonment or both.
No good country would allow its currency to be abused in anyway. That is what we are guiding against. The CBN is out to enforce the law and we would give them the necessary backing.”