DSS Nabs Syndicate Selling New Naira Notes, Indicts Bank Officials


The Department of State Services, DSS, on Monday said it has arrested a syndicate involved in the sale of the new naira notes, alleging that its operation has also uncovered some bank officials involved in the sabotage.

DSS, in a statement by its spokesman, Peter Afunanya, warned the currency racketeers to desist from the act, adding that it has ordered its formations across the country to go after the saboteurs.

The statement was titled, ‘DSS intercepted syndicates selling new currency notes, bank official implicated’.

It read, “The Department of State Services hereby informs the public that it has intercepted some members of organised syndicates involved in the sale of the new redesigned naira notes.

In the course of its operations, in this regard in parts of the country, it was also established that some commercial bank officials are 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 trend.”

“It should be noted that the Service has ordered its Commands and Formations to further ensure that all persons and groups engaged in the illegal sale of the notes are identified.

“Therefore, anyone with useful information relating to this is encouraged to pass the same to the relevant authorities.”

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