Categories: NEWS

Police Launch Clampdown On Nigerians Selling, Spraying New Naira Notes

The Nigeria Police Force (NPF) on Friday commenced the arrest of naira sellers and abusers across the country.

A statement by Force Public Relations Officer, CSP Muyiwa Adejobi said the action is in furtherance of the Federal Government’s policy.

The spokesperson said the operation upholds the provisions of the Central Bank of Nigeria Act, 2007, regarding Nigeria’s currency.

READ ALSO: Allow Old, New Naira Notes Coexist – APC Govs Begs President Buhari

Inspector-General Usman Baba tasked the Deputy Inspector-General in charge of the Force Criminal Investigations Department (FCID) and the Assistant Inspector-General in charge of the Force Intelligence Bureau (FIB) to begin work.

All officers and men of the units have been placed on high alert “to arrest and prosecute individuals engaged in the sale or abuse of naira notes”.

Sponsored

The IGP similarly charged all supervisory Assistant Inspectors-General and Commissioners in charge of Commands and Formations to carry out full enforcement of Sections 20 and 21 of the CBN Act, 2007.

The law criminalizes the hawking, selling/trading, spraying, marching, falsifying or counterfeiting of bank notes; refusal to accept the naira as a means of payment, and tampering with coins or notes.

The police vowed to enforce all laws and regulations without any prejudice to the enabling Acts of other security agencies, urging all and sundry to cooperate.

The statement said the law will be brought upon all violators of the provisions of the CBN Act, and other extant statutes in Nigeria.

SPONSORED
ABN TV EDITOR

ABN TV is one of the most visited news platform across Nigeria and the world over. It has carved a niche for itself in delivering authentic, accurate news.

Recent Posts

IPMAN Announces Petrol Price Reduction To ₦935 Per Litre

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a significant reduction in the…

4 hours ago

Governor Otti Appoints Ojeikere As New Head Of Service

Governor of Abia State, Dr. Alex Otti has approved the appointment of Mr. Benson Ojeikere…

4 hours ago

Tinubu’s Economic Reforms Not Responsible For Hunger, Stampede — FG

The Minister of Information and National Orientation, Mohammed Idris, has warned politicians against linking stampedes…

12 hours ago

Ohafia Community In Mourning As Trailer Crushes Many Christmas Travelers To Death (Photos, Video)

Ohafia, Abia State, was plunged into mourning on Sunday following a tragic accident involving a…

12 hours ago

After 25 Years, Democracy Yet To Meet Citizen’s Expectations — Bugaje

An Islamic scholar and political activist, Dr. Usman Bugaje, has highlighted the inability of the…

18 hours ago

Tinubu’s 2025 Budget Full Of Unrealistic Expectations, Says SDP’s Adebayo

The presidential candidate of the Social Democratic Party (SDP) in the 2023 general elections, Prince…

20 hours ago