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ICPC Arrests ‘Social Media Entrepreneur’, Omoseyin Esther, for hoarding, selling new Naira notes on Twitter

For cashing on the current money crisis in the country to make quick cash on social media, a self-styled ‘social media entrepreneur’,  Omoseyin Esther, with the Twitter handle Simisola of Lala, has landed in hot soup for offering new naira notes for sale on social media.

She is now cooling her heels with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), which announced her arrest Thursday.

According to ICPC spokesperson, Azuka Ogugua, Esther’s arrest was a product of intelligence received operatives who moved quickly to stop her.
The suspect describes herself as “serial entrepreneur” on social media, claiming to deal in skincare, sales of fuel, facilitation of foreign travels through visa acquisitions, and other businesses.
She reportedly latched on the artificial scarcity of the new naira notes to openly sell the new currencies that banks, conniving with unscrupulous elements, have turned to ‘essential commodity’.

“It is believed she is in collusion with key elements in the financial services sector diverting the newly released notes away from banking halls and payment channels into a “ black market”, Ogugua said.

The spokesperson confirmed that Omoseyin Esther, a.k.a ‘Simisola of Lala’ on Twitter is currently in ICPC detention telling all she knows about the crime, helping the Commission’s investigation into the criminal trading of the naira and the economic woes that the artificial scarcity has engendered.

“The action is in furtherance of the collaboration between CBN ICPC and EFCC in implementing the new cashless policy and naira redesign”, Ogugua said.

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