CBN, NSCDC To Arrest Naira notes Vendors In Anambra

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Naira notes

Ensuring sanity in the use of Nigeria’s currency, Naira, the Central Bank of Nigeria (CBN) and the Nigeria Security and Civil Defence Corps (NSCDC) to partner in the fight against the sale of New Naira notes by vendors in Anambra.

Mr Edwin Okadigbo, the NSCDC state command’s Public Relations Officer (PRO) in Awka, made this known in a press statement he issued to journalists on Friday in Anambra.

Okadigbo said the decision was reached during a meeting between NSCDC and CBN officials on Thursday July 14 in Awka.

The NSCDC team was led by Mr Francis Nnadi who represented the state Commandant, Mr Isidore Chikere and Mr Benedict Maduagwu, CBN, Awka branch controller and his officials.

Okadigbo said the clampdown on new Naira note vendors was anchored on Section 20 of the CBN Act, which frowned in hawking, counterfeiting, selling or trading in Naira notes, coins or any other note issued by the apex bank.  

He said that the command was determined to rid the entire state and area of all forms of financial crimes, and warned those involved in the practice to desist.

The statement also quoted Maduagwu to have reiterated the commitment of CBN to rid the area of all forms of economic and financial crimes/cybercrimes.

The branch controller reiterated the commitment of CBN in the state to partner NSCDC and other relevant agencies, describing the visit as timely.

Naira notes

He condemned the act of hawking and selling of new currency notes on the streets stressing that the apex bank cannot tackle the menace with the support of other relevant government agencies.

“CBN is determined to rid the nation of all forms of financial and cybercrimes, that is why we are happy with this call for partnership,” he said.

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