DSS Nabs Syndicate Behind Sale Of New Naira Notes

The Department of State Services (DSS) Monday said it had intercepted some syndicates in parts of the country allegedly involved in the sale of the newly redesigned Naira notes.

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

He said the syndicates were intercepted by operatives of the service during an operation.

“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 DSS 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 DSS spokesman, therefore, urged anyone with useful information relating to the sale of the new currency to pass the same to relevant authorities. (NAN)

GWG.ng reports that the arrest of the suspects follows the announcement by Mr Godwin Emefiele, governor of the Central Bank of Nigeria, CBN that the apex bank in conjunction with security agencies would pursue the banks to unearth the reason for the scarcity of the new redesigned naira notes.

The arrest by the DSS of the suspects involved in the sale of the new naira notes may be seen as part of the resolve.

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