DSS nabs syndicate selling new naira notes

Some members of an organised syndicate involved in the sale of the newly redesigned naira notes, have been intercepted by the Department of State Services (DSS).

Dr Peter Afunanya, the spokesperson of the agency said in a statement on Monday that the Service established the fact that some commercial bank officials are aiding the economic malfeasance.

Afunanya said: “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 emerging trends.

“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.”