IGP Orders Arrest Of New Naira Notes Sellers
The Inspector General of Police (IGP), Usman Akali Baba has ordered the arrest and prosecution of persons engaging in the selling and abusing of the new naira notes issued by the Central Bank of Nigeria. This was contained in a statement issued by the police spokesperson, Muyiwa Adejobi on 3rd February 2023. The scarcity of the new notes has worsened cash transactions in local markets, as poor networks and other technical issues stifle online transactions. According to Friday’s statement by the police spokesperson, Mr. Baba’s directive is in furtherance of the federal government’s policy and drive to uphold the provisions of the Central Bank of Nigeria Act, 2007.