News

DSS Arrests Syndicates Selling New Naira Notes

Department of State Services ( DSS) has arrested some members of organised syndicates involved in the sale of the newly redesigned naira notes.

Gatekeepers News reports that the DSS Public relations Officer, Peter Afunanya announced the development in a statement on Monday.

He explained that the syndicates connived with some commercial bank officials and were arrested during the secret police’s operation across the country.

“The Department of State Services (DSS) hereby informs the public that it has intercepted some members of organised syndicates involved in the sale of the newly redesigned naira notes,” the statement reads.

“In the course of its operations, in this regard in parts of the country, it was also established that some Commercial Bank officials are aiding the economic malfeasance.

“Consequently, the Service warns the currency racketeers to desist from this ignoble act. Appropriate regulatory authorities are, in this same vein, urged to step up monitoring and supervisory activities to expeditiously address emerging trends.

“It should be noted that the Service has ordered its Commands and Formations to further ensure that all persons and groups engaged in the illegal sale of the notes are identified. Therefore, anyone with useful information relating to this is encouraged to pass the same to the relevant authorities.”

Gatekeepers News reports that the CBN has finally extended the deadline the January 31 deadline for the swap of old naira notes at commercial banks by 10 days (till February 10).

Fehintola Ambali-Salam

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