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Police Arrest 13 For Hawking Naira Notes



The Kwara state police command has arrested 13 persons for allegedly selling, hawking and trading in naira notes, contrary to provisions of the Central Bank of Nigeria (CBN) ACT.

The spokesman for the state command, DSP Ajayi Okasanmi who paraded the suspects before newsmen in Ilorin,  said the arrest was informed by the need to enforce the provisions of Sections 20 and 21 of the CBN Act which makes selling and trading of the  naira currency a punishable offence.

Okasanmi said the suspects were arrested at various points in Ilorin metropolis following intelligence report.

He said the police was now poised to enforce the terms of the CBN Act in order to ensure that Nigerians dont treat the naira anyhow henceforth.

“The police and CBN will continue the clampdown on perpetrators of this offence which is punishable by law. The general public is warned on the consequences of spraying the naira notes on occasions, soiling, writing on the naira, squeezing and all other abuses of the  Nigerian currency.

“The suspects will be charged to court at conclusion of investigation ,while members of the public are advised to desist from acts of abuse of our naira as our currency is one of the symbols of our identity”, he stated.



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