The Police in Anambra State have arrested seven persons in Onitsha and its environ for hawking and sale of mint naira notes.
The Commissioner of Police in Anambra State, Mr. Garba Umar, who paraded the suspects before journalists, said they engaged in an act that is illegal and punishable under the Central Bank of Nigeria act.
Umar said the suspects were arrested in a sting operation, after officials of the CBN complained about the activities of the hawkers.
He said: “The purpose of this briefing is to inform you about the arrest of persons over illegal sale and hawking of Naira notes.
“On Wednesday, December 20, 2017, at about 1300hrs the Command in collaboration with the Department of State Security (DSS) and the Central Bank of Nigeria (CBN) carried out a sting operation aimed at forestalling illicit sale of Naira notes.”
He said the clamp-down on the suspects was hinged on the CBN Act, section 20 and 21, in which Section 20 sub section 4, makes it an offence punishable by a term of imprisonment not less than five (5) years for any person to falsify, make or counterfeit any bank notes or coin issued by the bank.
Umar who quoted the act, said: “Section 21 sub section 1, makes it an offence punishable by a term of imprisonment of not less than six (6) months or a fine not less than fifty thousand naira (₦50,000.00) or both for any person to hawk, sell or otherwise trade in the Naira Notes, coins or any other notes issued by the Bank.”
The seven suspects were arrested at Ogbogwu and Building materials Market in Onitsha, while two others who were also engaged in the sale were reportedly at large.
The arrested suspects include one Clementina Uche, Emeka Iyida Wilfred, Anthony Onyebuchi, James Odumodu, Petercross Olabuche, Apeh Ekene and Valentine Ekwueme.
Four Million, Three and Four Thousand, Five Hundred and Fifty Naira (₦4,304,550.00) was recovered from the suspects, most of which were new notes and others in small bills.
Umar said the Command will charge them to court as soon as investigations are concluded.
He reminded the general public that the acts of spraying Naira notes at occasions, soiling and writing on it, squeezing it are punishable under the law.
The practice is common in Lagos and the South West states where mint naira notes are brazenly hawked at parties and social events especially wedding ceremonies.
The hawkers exchange the mint notes at a cost, as much as N200 to N300 per one thousand naira mint note.