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Money Trading: IGP orders arrest, prosecution of hawkers nationwide

•tasks supervising AIGs, CPs on enforcement of CBN Act

by Tribune Online
February 3, 2023
in Top News
Reading Time: 3 mins read
A A
IGP Usman Baba

IGP Usman

Worried by the indiscriminate abuse of the naira notes by the members of the public, the Inspector-General of Police (IGP) Usman Alkali Baba on Friday ordered immediate arrest and subsequent prosecution of all individuals engaged in the sale or abuse of the Naira notes issued by the Central Bank of Nigeria.

This was contained in a statement made available to newsmen in Abuja by the Force Public Relations Officer, FPRO, CSP Olumuyiwa Adejobi.

The FPRO explained that the action was in furtherance of the Federal Government’s policy and drives to uphold the provisions of the Central Bank of Nigeria Act, 2007, and dignify Nation’s currency.

According to the statement, “the IGP has similarly charged all supervisory Assistant Inspectors-General of Police and Commissioners of Police in charge of Police Commands and Formations to carry out full enforcement of the provisions of Sections 20 and 21 of the Central Bank of Nigeria Act, 2007 which criminalises amongst other things the hawking, selling or otherwise trading, spraying of, dancing or matching on the Naira notes, falsifying or counterfeiting of bank notes, refusal to accept the Naira as a means of payment, tampering with the coin or note issued by the CBN”.

It further explained that “the Inspector-General of Police reiterated the mandate of the Nigeria Police Force to enforce all laws and regulations without any prejudice to the enabling Acts of other security agencies and urged all and sundry to cooperate with the Nigeria Police Force as it brings the long arm of the law to bear upon all violators of the provisions of the CBN Act, and other extant statutes in Nigeria, with a view to having a well-policed society in all ramifications within the country”.

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Tags: IGPnew naira notesOlumuyiwa AdejobiUsman Baba
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