The Kaduna Police Command had on Friday 14th June, 2019 arrested 4 illicit naira vendors at various locations of the state.
This was disclosed while briefing the news men by the commands commissioner of police CP Ali Aji Janga on Monday.
The CP who was represented by Deputy Commissioner of Police Finance and Administartion, DCP Onah Sunny said the command at about 1200hrs on Friday 14th June, had embarked on a joint operation by the Nigerian Police Force, the Central Bank of Nigeria and the DSS.
According to him the Sting Operation aims at forestalling illicit sales of the country’s currency notes, the Naira.
“The clampdown on the Naira vendors and sellers is hinged on the CBN’s Act, Section 20 and 21 that make it a punishable offense for any individual or group of people to hawk, sale or otherwise trade in the Naira notes, coins or any note issued by the CBN.
“The operation was very successful as four (4) suspects, were arrested at various locations of the state during the raid supervised by the Commissioner of Police Kaduna State Command CP Ali Aji Janga Psc. He said.
A total sum of seven hundred and ninety eight thousand naira (#798,000:00) mint cash of various denominations and other exhibits were recovered from the suspects and Investigations have already commenced on the matter to ascertain the source of the naira notes.
The Nigeria Police Force and the CBN will continue the clampdown on the perpetrators of this offence, which is punishable under the CBN Act 2007.
“We want to assure the general public that, the arrested persons who are presently under our custody would be charged to court as soon as investigations into the matter have been concluded.”
He noted that the 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
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