• Contact Us
  • About Us
Saturday, September 13, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Police in Edo arrest eight suspects over alleged illicit sale of Naira

metro by metro
November 9, 2018
in News
0
0
SHARES
0
VIEWS

PoliceThe Police Command in Edo has arrested seven suspects in connection with illicit sale of Nigerian currency.

The state Commissioner of Police (CP), Johnson Kokumo, disclosed this on Friday in Benin while briefing newsmen on the command’s enforcement of the presidential order prohibiting illicit sale of the Nigerian legal tender.

Read Also

NiMet Forecasts Thunderstorms, Heavy Rains Across Nigeria From Friday To Sunday

Naira Strengthens To N1506/$, Best Level Since March

TUC Gives FG 14-day Ultimatum To Withdraw 5% Fuel Tax 

Kokumo said the suspects including two females were arrested in various parts of the state capital with more than N12 million Nigerian currency notes which were allegedly for sale.

He also said that about N46,200 counterfeited currency was found in possession of the suspects.

The CP said that Section 20 and 21 of the Central Bank of Nigeria (CBN) Acts No 7 of 2007 made the sale of Nigerian legal tender illegal.

The commissioner said that the arrests were made by the command in collaboration with the Department of State Services (DSS) and the CBN in an operation aimed at forestalling the illicit act.

He said the clamp-down on the naira notes vendors/sellers was a continuous exercise until the practice was completely wiped out from the system.

Kokumo advised those engaged in the act at any occasions for the purpose of spraying money on other people to desist from doing so.

He reiterated that proactive measures had been put in place to ensure the protection of lives and property in the state especially during the “ember” months.

Tags: Naira
Previous Post

APC candidates names missing as INEC displays lists for governorship, state assembly in Zamfara

Next Post

Micro Pension Scheme participants to access 40% in 3 months — PenCom

Related Posts

NiMet Forecasts Thunderstorms, Heavy Rains Across Nigeria From Friday To Sunday
News

NiMet Forecasts Thunderstorms, Heavy Rains Across Nigeria From Friday To Sunday

September 12, 2025
Naira
News

Naira Strengthens To N1506/$, Best Level Since March

September 11, 2025
Report Alleges Shortcomings Of Proposed Tax Reform Bills
News

TUC Gives FG 14-day Ultimatum To Withdraw 5% Fuel Tax 

September 8, 2025
NNPP Expels Abdulmumin Jibrin Over Anti-party Activities, Unpaid Dues
News

NNPP Expels Abdulmumin Jibrin Over Anti-party Activities, Unpaid Dues

September 6, 2025
Next Post

Micro Pension Scheme participants to access 40% in 3 months — PenCom

NUPENG Shuns FG Meeting Over Planned Strike

Unionisation Dispute: DSS summons Dangote Refinery, NUPENG

September 12, 2025

Djamo Finances Secures Its Microfinance License in Côte d’Ivoire

September 12, 2025
NARD Vows To Continue With Strike Action, Rejects 25% Increase In Salary

Nigerian Doctors Begin Strike, Shut Down Hospitals Nationwide

September 12, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version