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DSS arrests syndicates selling redesigned naira notes across the country

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    The Department of State Services (DSS), on Monday, January 30, arrested some members of organized syndicates involved in the sale of the newly redesigned naira notes across the country.

    Peter Afunanya, the DSS public relations officer, made this known in a statement on Monday morning, according to The Cable.

    Afunanya said that the syndicates, who connived with some commercial bank officials, were arrested during the course of the service’s operation across the country.

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

    “In the course of its operations in different parts of the country, the DSS also discovered 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,” he added.

    This development comes barely 24 hours after the Central Bank of Nigeria (CBN) extended the deadline for the swap of old naira notes at commercial banks by 10 days.

    Before the extension of the deadline, Nigerians complained about their inability to swap old naira notes for the new ones before the initial deadline (January 31) given by the apex bank.

     

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