Parading the suspects before the arraignment, the state’s Commissioner of Police, Dasuki Galadanchi, said that the suspects were arrested in Owerri on September 13 during a joint operation by the police, Department of State Services and the Central Bank of Nigeria.
The commissioner gave the names of the suspects as including Udeze Kelechukwu, Onyeanusi Clement, Amakuru Mariam, Chinwendu Obi, Chibuzor Uzogu, Ann Ibekwe, Davis Iwuji,Obinna Johna and Solomon Dinyelu.
Galadanchi disclosed that N5,565,670,00 of various denominations was recovered from the suspects.
The police boss said that the arrest and arraignment were in conformity with CBN Act, Section 20 and 21, which he said made it a punishable offence for anybody to hawk, sell or otherwise trade in the naira notes, coins or any other note issued by the bank.
He said, “On September 13, Imo State Police Command and the Department of the Security Services in collaboration with Central Bank of Nigeria carried out a sting operation, aimed at forestalling illicit sale of the country’s currency notes, the naira.
“Ten suspects comprising men and women were arrested along Douglas Road, Owerri during a raid supervised by the commissioner of police.
this offence which is punishable under the CBN Act 2007, stipulating a jail term not less than six months or to a fine not less than N50,000 or both.
“For the avoidance of doubt, acts of spraying naira notes at events, soiling, writing on them, squeezing them as well as hawking and selling of the country’s currency notes are abuse of the naira and are punishable under the law.”
from punch
Some people don't listen, Nigerians are often stubborn most times when it comes to keeping order. Must you hawk it? If you feel the business is lucrative and you can't stop it, why not do it nicely and decently? Get a shop for it and do it codedly just like the POS stuff, and those who know will patronize you inside secretly. But hanging on the high way displaying the transactions is a big no and a wrong idea.
ReplyDeleteIs it not better than robbery and kidnapping?..
ReplyDeleteGive them job No!...
How then do you want them to survive in this hard economy?..
Nonsense!!...