Mint Suppliers/arrest naira notes vendors arrested in Port Harcourt

Twelve suspected naira vendors have been paraded at the Rivers State Civil Defence Corps Command with a total sum of one million, forty-seven thousand, five hundred and fifty-five (1,047,555) Naira.

The twelve suspects who were mostly women were arrested along Garrison, Rumukrushi and Rumuodara axis of Port Harcourt by officers of the Nigerian Security and Civil Defence Corps; Department of State Service DSS and Central Bank of Nigeria in a joint operation targeted to forestall illicit sales of the country’s currency notes.

Speaking to journalist after the operation, State Commandant of Civil Defence Corps, Muktar LAWAL, said it is illegal for people to continue in the act of abusing the naira note.

According to him, the clampdown on the Naira vendors and sellers is hinged on the CBN’s Act, Section 20 and 21 that makes it a punishable offence for any individual or group of persons to hawk, sell or otherwise trade in the Naira notes, coins or any note issued by the CBN.

Credit: The Port City News