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Police arrested currency dealer with N780,000 in Kaduna

Police arrested currency dealer with N780,000 in Kaduna
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The Kaduna State Police Command on Monday paraded 4 forex merchants who had been arrested with N780, 000 mint money in Zaria and Kaduna.

In keeping with the police, the sting operation collectively carried out by the police and operatives of the Division of Safety Service (DSS) in collaboration with the Central Financial institution of Nigeria (CBN) final Friday aimed toward cleaning the state of individuals buying and selling in, defacing and abusing the naira.

Addressing the media over the arrest, the Kaduna state Deputy Commissioner of Police, Finance and Administration, DCP Onah Sunny, who spoke on behalf of CP Ali Janga, mentioned, “throughout a joint operation carried out on Friday at about 1200hrs by the Nigerian Police Pressure (NPF), in collaboration with the Central Financial institution of Nigeria (CBN) and the DSS. The sting operation goals at forestalling illicit gross sales of the naira.

“The clampdown on the naira distributors and sellers is hinged on the CBN’s Act, Part 20 and 21 that make it a punishable offense for any particular person or group of individuals to hawk, sale or in any other case commerce within the naira notes, cash or any word issued by the CBN.

“The operation was very profitable as 4 suspects, had been arrested at varied areas of the state in the course of the raid supervised by the Commissioner of Police Kaduna State Command CP Ali Aji Janga Psc. A complete sum of N798, 000 mint money of assorted denominations and different reveals had been recovered from the suspects. Investigations have already commenced on the matter to establish the supply of the naira notes.

“The Nigeria Police Pressure and the CBN will proceed the clampdown on the perpetrators of this offence, which is punishable below the CBN Act 2007. We wish to guarantee most of the people that, the arrested individuals who’re presently below our custody can be charged to courtroom as quickly as investigations into the matter have been concluded.

“Acts of spraying the naira notes at events, soiling and writing on the naira, squeezing the naira, in addition to hawking and promoting of the nation’s forex notes, are abuses of the naira and are punishable by legislation.

“We equally wish to use the chance to attraction to most of the people to desist from these acts of abuse of the naira and report promptly to the closest safety company any individual seen doing such acts, as our forex is likely one of the symbols of our identification,” the DCP added.

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