NSCDC Arrests Six For Currency Racketeering In Rivers
The Nigeria Security and Civil Defense Corps said its operatives have arrested six persons allegedly involved in currency racketeering in Port Harcourt.
The NSCDC Commandant, Rivers State Command, Micheal Ogar disclosed this while parading the suspects and seized sums of money before newsmen in Port Harcourt.
Ogar said the clampdown on the naira vendors is hinged on the Central Bank of Nigeria Act, sections 20 and 21 which makes it punishable for anyone or a group of people to hawk, sell, or trade in naira notes without authorization.
Ogar said their arrest was made in collaboration with the men of the Department of State Services and the CBN.
He said, “These are suspects that are involved in currency racketeering. What they have done is against the CBN Act 2007. Their activities contravene sections 20 and 21 of the CBN Act by selling naira to naira.
“You know if you go to the bank, you don’t get mints. So these people now go to the banks, they get mints, they come out and sell those mints. I want to appeal to the public to be aware that selling of the naira is prohibited by CBN Act 2007, sections 20 and 21.”
Ogar also said the command and other security agencies would continue to clamp down on perpetrators of the offence and make them face the law.
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