Four persons have been arrested by the Police in Kaduna, Kaduna State, over alleged illegal trading in Naira notes.
The arrest was made in the bid to forestall the increasing sale of the country’s currency illegally.
The Deputy Commissioner, Administration, Kaduna State Police Command, Mr Onah Sunny, who represented the Commissioner of Police, CP, in Kaduna State, Mr Aji Ali Janga, made the disclosure at a press briefing.
According to him, the sum of N798,000 in various denominations and other exhibits were recovered from those arrested.
He said the operation was carried out by the police along with operatives of the Department of State Services, DSS, and officials of the Central Bank of Nigeria, CBN, on Thursday.
His words: “The clampdown on the Naira vendors and sellers is hinged on the CBN’s Act of 2007, Sections 20 and 21.
“This Act makes it a punishable offense for any individual or group of people to hawk, sell or otherwise trade in Naira notes, coins or any note, issued by the CBN.
“The operation was very successful, as four suspects were arrested at various locations in the state during the raid supervised by the Command CP.”
The police said investigation was still going on and that at the end, the suspects would be prosecuted.
The police boss stated further: “For the avoidance of doubt, acts of spraying the Naira notes at occasions, soiling and writing on the Naira, and squeezing of the Naira are abuses of the Naira.
“Other forms of abuse of the Naira, include hawking and selling, and all are punishable by law.”
