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DSS arrests syndicates selling new naira notes

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“…it was also found that some commercial bank officials aid the economic crime”


The Department of State Services (DSS) has intercepted some members of organized syndicates involved in selling the newly designed naira notes.

According to a statement on Monday from DSS spokesman Dr Peter Afunanya, some Commercial Bank officials have also been identified as aiding the economic crime during its operations.

“The Department of State Services hereby informs the public that it has intercepted some members of organized 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 found that some commercial bank officials are aiding the economic crime.

“Consequently, the Agency warns the currency extortionists to refrain from this ignoble act. In the same spirit, appropriate regulators are urged to step up monitoring and oversight activities to swiftly address the emerging trend.

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“It should be noted that the agency has ordered its commands and formations to further ensure that all individuals and groups involved in the illicit sale of the banknotes are identified. Therefore, anyone with useful information on this is encouraged to pass it on to the relevant authorities,” the statement said.


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