More
    HomeNewsCBN, Security agents nab 14 in Kano over sale of New Naira...

    CBN, Security agents nab 14 in Kano over sale of New Naira Notes 

    Published on

    By Tony Obiechina, Abuja 

    Operatives of the Department of Security Service in conjunction with officials of Central Bank of Nigeria and the Nigerian Security and Civil Defense Corps have arrested 14 persons including a lady over alleged illegal sales of new Naira notes in Kano.

    The State Commandant of the NSCDC, Adamu Zakari disclosed this while parading the suspects at NSCDC State Headquarters in Kano on Tuesday evening.

    He said the suspects were apprehended during a joint operation in the metropolis as part of effort to check the illegal act which contravenes the CBN Act

    “The clamp down on the new Naira vendors and sellers is hinged on the CBN Act, Section 20 to counterfeit, hawk, sell or otherwise trade the Naira notes, coins or any other note issued by the bank,” he said.

    “Investigations have already commenced to ascertain the source or otherwise of the Naira notes recovered from the suspects,”Zakari said.

    He listed the suspects as: Alhaji Ubandi Hotoro,82, Haruna Yahaya, 42, Rabiu Ibrahim, 34, Ismaila Mohammed Umar, 20 and Nura Aminu, 45, Nasiru Adamu, 40 and Nazef Lawal, 20.

    The rest were Sulaiman Tijjani, 35, Mustapha Ismail Haruna, 47, Aminu Jibril, 23, Lawal Ibrahim, 40, Abubakar Jibril, 45, Abdullahi Hassan, 30 and Fatima Ibrahim, 30.

    He said the NSCDC, DSS and CBN will continue to the clamp down on the perpetrators of the illegal act which is punishable offence under the CBN Act.

    “For the avoidance of doubt act of spraying the Naira notes at occasions, soiling and writing on it, squeezing handling as well as counterfeit of the country currency note are abuse of the Naira are punishable by the law,” he said.

    He said as soon as investigation into the matter was completed, the suspects would be charged to Court.

    In an interview with one of the suspects, Alhaji Ubandi Hotoro said nothing incriminating was found on him because he was at a place to settle a dispute between some of the suspects and security agents.

    Latest articles

    A FRESH CASE FOR REDUCING THE LLB PROGRAMME FROM FIVE TO THREE YEARS: ADDRESSING THE BAR FINALS CRISIS AND ALIGNING WITH GLOBAL STANDARDS

    By Charles Ude, Esq Legal Practitioner and Author Email: [email protected] A CONGRATULATORY AND WELCOMING MESSAGE Before I roll...

    When The Watchdogs Become the Wolves: Inside Nigeria’s Dangerous Battle to Cleanse Agencies Fighting Corruption

    By Daniel Nduka Okonkwo In every institution entrusted with the power to enforce the...

    A FRESH CASE FOR REDUCING THE LLB PROGRAMME FROM FIVE TO THREE YEARS: ADDRESSING THE BAR FINALS CRISIS AND ALIGNING WITH GLOBAL STANDARDS

    By Charles Ude, Esq A CONGRATULATORY AND WELCOMING MESSAGE Before I roll up my sleeves and...

    ‎Boxing: Joshua, Fury should settle their terms, veteran coach, McCrackena advises

    ‎By Teddy Nwanunobi ‎Robert McCracken has disclosed that the decision whether Anthony Joshua and Tyson...

    More like this

    A FRESH CASE FOR REDUCING THE LLB PROGRAMME FROM FIVE TO THREE YEARS: ADDRESSING THE BAR FINALS CRISIS AND ALIGNING WITH GLOBAL STANDARDS

    By Charles Ude, Esq Legal Practitioner and Author Email: [email protected] A CONGRATULATORY AND WELCOMING MESSAGE Before I roll...

    When The Watchdogs Become the Wolves: Inside Nigeria’s Dangerous Battle to Cleanse Agencies Fighting Corruption

    By Daniel Nduka Okonkwo In every institution entrusted with the power to enforce the...

    A FRESH CASE FOR REDUCING THE LLB PROGRAMME FROM FIVE TO THREE YEARS: ADDRESSING THE BAR FINALS CRISIS AND ALIGNING WITH GLOBAL STANDARDS

    By Charles Ude, Esq A CONGRATULATORY AND WELCOMING MESSAGE Before I roll up my sleeves and...