ICPC Arrests Businesswoman Selling New Naira Notes On Social Media
- Nigeria’s anti-corruption ICPC has arrested a businesswoman selling new naira notes on social media
- The ICPC said the woman was arrested following an intelligence report and that she is currently in detention
- The CBN said currency sellers and abusers would be prosecuted and jailed in accordance with the CBN Act
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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested and detained a woman for allegedly selling new naira notes on social media.
According to a statement issued by the Commission on Wednesday, February 1, 2023, the suspect, Oluwadarasimi Emma was detained for selling the newly redesigned notes to the public via Twitter.
Allegedly colluding bank officials
The Commission’s spokesman, Azuka Ogugwa said the suspect was arrested following an intelligence report.
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CBN promises to arrest and prosecute Nigerians selling new naira notes, lists targeted events to monitor
The suspect is a businesswoman who deals in skin care products and travel services.
“The arrest was a result of intelligence received which led the ICPC operatives to seek out and promptly arrest the suspect. 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”.
Report say she is currently in ICPC custody and may face prosecution as stipulated in the CBN Act.
Per the CBN Act, currency trading is a criminal offence punishable by imprisonment.
CBN vows to prosecute currency sellers
On Thursday, February 2, 2023, the Central Bank of Nigeria (CBN) said that it is working with security agencies to arrest currency sellers and abusers of the new naira notes.
The bank said this in a statement issued by its Director of Public Communication, Osita Nwanisiobi who also said it has directed deposit money banks to start issuing new naira notes across the counter but peg it to N20,000 daily.
CBN Promises To arrest and prosecute Nigerians selling new naira notes, lists targeted events to monitor
Legit.ng reported that the Central Bank of Nigeria has promised to work alongside other security agencies in arresting Nigerians selling new Naira notes.
Already the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has announced the arrest of a lady who was selling new notes via social media.
The CBN, in a circular published on its website on Thursday, February 2, 2023, and signed by Osita Nwanisobi the director of Corporate Communications, promised that arrests will intensify.