Twelve Female Naira notes vendors have been arrested in a joint raid by officials of the Central Bank of Nigeria, CBN and Operatives of Lagos State Criminal Investigation and Intelligence Department, SCIID, Yaba.
Mint Naira notes in different denominations were recovered from the Naira notes vendors, all women, who were arrested at event centres and bus stops in different parts of the state.
Parading the suspects before newsmen weekend, the Deputy Commissioner of Police in-charge of SCIID, Salami Bolaji, described their action as an offence which contravenes the CBN Act, 2007. Naira notes vendors be warned oh, all those people wey dey buy your market for party no go save you.
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, while six others were arrested today (weekend).
“We recovered N35,500 from the former, while N465,000 was recovered from those arrested last week. They would be charged to court as soon as possible.
“Investigation is ongoing to reveal how these suspects came 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 will allow its currency to be abused in anyway. That is what we are guarding against. CBN is out to enforce the law and we will give them the necessary backings.”