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the police in anambra kingdom have arrested seven folks in onitsha and its environ for hawking and sale of naira notes.
commissioner of police in anambra kingdom, mr garba umar who paraded the suspects earlier than newshounds, said the suspects had been accomplishing an act that turned into illegal and punishable under the significant financial institution of nigeria act.
umar said the suspects had been arrested in a sting operation, after officials of the cbn complained approximately the activities of the hawkers.
he said, “the cause of this briefing is to inform you on the arrest of folks over illegal sale and hawking of naira notes(mint).
“on wednesday, december 20, 2017, at about 1300hrs the command in collaboration with the branch of kingdom security (dss) and the imperative bank of nigeria (cbn) carried a sting operation, aimed toward forestalling illicit sale of naira notes(mint).”
he stated the clamp-down at the suspects changed into hinged at the cbn act, segment 20 and 21, wherein section 20 sub section four, makes it an offence punishable by way of a time period of
imprisonment not less than 5 (5) years for any person to falsify, make or counterfeit any bank notes or coin issued with the aid of the bank.
umar who quoted the act said, “segment 21 sub section 1, makes it an offence punishable by a time period of imprisonment of now not less than six (6) months or a high-quality now not less than fifty thousand naira (₦50,000.00) or both for any character to peddle, sell or in any other case alternate in the naira notes, coins or another notes issued with the aid of the financial institution.”
the seven suspects have been arrested at ogbogwu and building materials marketplace in onitsha at the same time as two others who were also engaged inside the sale had been at big.
the arrested suspects include; and clementina uche, emeka iyida wilfred, anthony onyebuchi, james odumodu, petercross olabuche, apeh ekene and valentine ekwueme.
4 million, 3 and 4 thousand, 5 hundred and fifty naira (₦four,304,550.00) had been recovered from the suspects, maximum of which were new notes and others in small payments.
umar stated the command could rate them to courtroom as soon as investigations have been concluded.
he reminded most people that the acts of spraying naira notes at occasions, soiling and writing on it, squeezing it turned into punishable.