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DSS Arrests Syndicates Selling New Naira Notes, Accuses Bank Officials Of Working With Them



The Department of State Services (DSS) has arrested some members of an organized syndicate for allegedly selling the newly redesigned naira notes.

DSS Arrests Syndicates Selling New Naira Notes, Accuses Bank Officials Of Working With Them

DSS spokesman, Peter Afunanya, who disclosed this in a statement on Monday, also accused some commercial bank officials of aiding the crime.

Afunanya, who did not disclose the names and locations of the suspects, warned that the Service would go after those involved in the malfeasance.

The statement reads, “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.

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“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”.

KanyiDaily recalls that the Central Bank of Nigeria (CBN0 had recently extended the terminal date for the return of all old Naira notes to 10th February 2023.

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