Bank officials implicated as DSS arrests syndicates selling new naira notes


The Department of State Services (DSS) says its officers have arrested some persons allegedly involved in the sale of the new redesigned naira notes.

This is contained in a statement issued by Dr Peter Afunanya, the Public Relations Officer of the DSS on Monday in Abuja.

The DSS in the statement said the syndicates were intercepted by operatives of the service during an operation, accusing some commercial bank officials of aiding the crime.

“Investigation has also shown that some Commercial Bank officials were 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 the emerging trends,” he said.

He said the SSS has ordered its commands and formations to further ensure that all persons and groups engaged in the illegal sale of the notes were identified.

The SSS spokesman, therefore, urged anyone with useful information relating to the sales of the new currency to pass the same to relevant authorities.

This development comes barely twenty-four hours after the Central Bank of Nigeria (CBN) announced the extension of the old currency to February 10, 2023.

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