Inside Nigeria

DSS Arrests Racketeers Involved in Sale of New Naira Notes

Nemesis has caught up with some members of organised syndicates involved in the sale of the new redesigned naira notes as they have been arrested by  Department of State Services, DSS, has intercepted.

The announcement was made on Monday by the spokesman of the DSS, Mr. Peter Afunanya (PhD) in a statement he issued.

He said some commercial bank officials were found to be aiding the economic malfeasance.

The DSS urged anyone with useful information relating to the sale of the new naira notes to pass them to relevant authorities.

Said the DSS: “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 the 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.”

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