5 suspected Naira hawkers have been arrested in different parts of Ogun State.
According to Police investigation, the suspects identified sa Shokunbi Iyanuoluwa, Alegbe Toyin, Akinbode Kehinde, Latifat Shoneye and Olanrewaju Kehinde were accused of selling the naira currencies in contravention of Section 21 (1), Central Bank of Nigeria (CBN) Act, 2007.
Ogun state Police spokesperson Oyeyemi Abimbola said N1, 560,000 was recovered from the suspects caught during an operation executed by Police in conjunction with The Central Bank of Nigeria.
You ask yourself where on earth they got the New Notes from? I will say that I am a Priviledged Bank Customer, and no time I ask my Banker for a New Notes that they come up with stories that the CBN did not provide them with any. Now you go to big Lagos party, and you see these maids-look-alike hawkers selling new notes…….?
There should be a serious clamp down on perpertrators of this act which is unfortunately seen at all parties. Banks and ATM will be giving customers dirty and stinking notes while these people will be selling money. Where do they get mint notes? Only in Nigeria you here of people selling money
There is nothing wrong with what they are doing, they are just trying to survive, I remember going for a party and I need smaller denominations to spray, this guys changed my money at the rate of 200 naira every 1000, so it’s better than prostitution and 419..
The Imo State police in Owerri should emulate the Ogun state police. There are tens of these types selling new Naira notes on the street especially Douglas road. You go to the bank to make a withdrawal and you will be given dirty notes but as soon as you step outside some one will approach you to buy the new notes. You give then ten thousand naira that you were given in the bank and they will give you eight thousand naira of the new notes. The banks are heavily involved in this. Kudos to Ogun state police.
The bottom line is: selling money in any manner is illegal. Money is a means of exchange, not a commodity for sale (thank God for sound education we received those days, especially in Economics, for which my nephew and niece graduated with First Class). Dear @User, it is a criminal offense to sell money, which can be exchanged for other currencies. Perhaps the bank officials are selling new notes to outsiders. Ignorance and lawlessness are the root causes of Nigeria’s massive, endless problems.
This act is indeed criminal and it should not be encouraged in any manner. This arrest should should serve as a warning to all those still involve in this illegal trade. Where do they get this new naira notes?
why don’t we address the problem from the source?
Joblessness and wicked banks that would benefit from such illegal act. Nigeria is sick with all these unthinkable s