CBN And The Police Clamp Down On "Mint" Vendors In Lagos.


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.


The vendors, all women, were apprehended at different parts of the metropolis selling naira notes to party lovers and socialites. The suspects were arrested during a raid carried out by officials of the CBN and operatives of the State Criminal Investigation and Intelligence Department (SCIID), Panti-Yaba.

They were alleged to be involved in the sale of new naira notes, an offence that contravenes Section 21 of the CBN Act, 2007. Among the suspects were Fausat Jimoh, Bisoye Oyegbile, Balikis Ajadi, Bisola Amoru, Abidemi Oladejo and Ajoke Suraj, alleged to have sold mint notes at social events.

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.

Today.ng