The House of Representatives, on Thursday, directed the Inspector General of Police (IGP). Mr Ibrahim Idris, to crack down on any person found hawking or selling naira notes any where in the country henceforth.
The directive followed the adoption of a motion moved by Honourable Anayo Nnebe on the need for the police to arrest and prosecute anybody found hawking or selling naira notes in the country.
While moving the motion, Honourable Nnebe expressed concern over the practice of hawking crisp naira notes during public functions, weddings and other social gatherings in major parts of the country.
He observed that the trend had continued despite the unavailability of crisp naira notes in banks in the country.
According to the lawmaker, “not only is the development against global best practices, it also offends the laws of the federation of Nigeria (2004) which makes it a punishable offence for any one to trade naira notes.”
When the motion was put into voice vote by the Speaker, Honourable Yakubu Dogara, it was unanimously adopted by the House.
The House, therefore, mandated committees on Banking and Currency and Police Affairs to interface with the governor of the Central Bank of Nigeria (CBN) and the IGP to end the practice and report back to the house within six weeks for further legislative action.
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