Imo: NSCDC nabs 12 currency hawkers with N8.4 Million

.By Jennifer John

The Nigerian Security and Civil
Defence Corps (NSCDC), Imo state command has paraded 12 suspects arrested in
connection with hawking and selling of mint fresh Naira notes.

The suspects arrested through the collaboration
of the NSCDC, Department of State Services (DSS) and Central Bank of Nigeria
(CBN) task force against trading on naira notes were arrested in possession of
over N8.4 million new naira notes of different denominations.

Addressing newsmen after parading
the suspects, the Imo state Commandant of the NSCDC, Raji Ibrahim said the
offence contradicts CBN act of 2007 and is punishable by seven years
imprisonment.

He reiterated that it is against the
law of the country for anyone to trade on Nigerian currency and promised that
the raid will continue until the act is brought to an end in the state.

“We have arrested and
interrogated them, after investigation, they will be charged to court to face
the full weight of the law. Any punishment ordered by the court of law against
them, will serve as deterrent to others who may want to engage in the illegal business”,
he stressed. Tatranium AI

  • Related Posts

    Police arrest four cops for extorting ICPC chairman of N53,000 in Abuja

      Four police officers have been detained by the Federal Capital Territory Police Command for allegedly extorting N53,000 from the Chairman of the Independent Corrupt Practices and Other Related Offences…

    EFCC arraigns Miyetti Allah president over ‘$2.63m money laundering

      A federal high court in Abuja has remanded Bello Bodejo, president of Miyetti Allah Kautal Hore, in the custody of the Economic and Financial Crimes Commission (EFCC) over an…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    EFCC: Immigration CG not under investigation over visa fraud allegations

    • By admin
    • July 21, 2026
    • 1 views
    EFCC: Immigration CG not under investigation over visa fraud allegations

    160,000 flee South Africa over anti-migrant unrest – Report

    • By admin
    • July 21, 2026
    • 1 views
    160,000 flee South Africa over anti-migrant unrest – Report

    Gunmen kill four herders, set two houses ablaze in Anambra

    • By admin
    • July 21, 2026
    • 2 views

    NSCDC uncovers fake university in Lagos, rescues 106 students

    • By admin
    • July 21, 2026
    • 3 views
    NSCDC uncovers fake university in Lagos, rescues 106 students

    FACT-CHECK: No! It’s not true that no Manchester United midfielder has lifted World Cup

    • By admin
    • July 21, 2026
    • 15 views
    FACT-CHECK: No! It’s not true that no Manchester United midfielder has lifted World Cup

    Rainstorm kills 4, destroys school, hospital in Sokoto

    • By admin
    • July 21, 2026
    • 5 views
    Rainstorm kills 4, destroys school, hospital in Sokoto