TVC E. The Central Bank of Nigeria (CBN) in collaboration with the police have begun a major onslaught against naira abusers, arresting no fewer than 12 vendors in Lagos, in a fresh bid to end the abuse of currency in the country.
Parading the suspects, the Deputy Commissioner of Police (DCP) in charge of State Criminal Investigation and Intelligence Department (SCIID), Bolaji Salami said six others were apprehended penultimate weekend.
“We are clamping down on those abusing our currency. It is an offence to sell naira notes at weddings or any gathering. It contravenes the CBN Act. We arrested six suspects the previous weekend and today (Friday), we have arrested six others.
“We recovered N35,500 from these suspects but N465,000 was recovered from those arrested last week. They would be charged to court as soon as possible.
“Investigation would reveal how these suspects come about these new currencies. We are going to get to the root of it because the offence is punishable by a N50,000 fine or six months imprisonment, or both.