IGP Usman Alkali Baba
Top Story

IGP orders full-scale crack down on new Naira notes violators

357

The Inspector General of Police, Usman Baba, has charged officers and men to go all out to arrest and prosecute people involved in the sale and abuse of the Naira.

He said police had a duty to uphold the provisions of Sections 20 and 21 of the CBN Act 2007.

Section 21 (1) states: “A person who tampers with a coin or note issued by the Bank is guilty of an offence and shall on conviction be liable to imprisonment for a term not less than six months or a fine not less than N50,000 or to both such fine and imprisonment.

“And also the spraying of, dancing or matching on the Naira notes, falsifying or counterfeiting of bank notes, refusal to accept the Naira as a means of payment, tampering with the coin or note issued by the CBN.”

The Force spokesperson, CSP Olumuyiwa Adejobi, disclosed this in a statement obtained by persecondnews on Friday that the IGP had directed all supervisory AIGs and Commissioners of Police in charge of police commands to enforce the provisions of Sections 20 and 21 of the CBN Act, 2007.

He also admonished citizens to cooperate with the force in the task of policing the society.

“We urge all and sundry to cooperate with the police as it brings the long arm of the law to bear upon all violators of the provisions of the CBN Act, and other extant statutes in Nigeria with a view to having a well-policed society in all ramifications within the country”

Leave a comment

Related Articles

Nigeria’s Power Minister Leads Delegation to Japan for Energy Collaboration Talks

By Joycelyn Ellakeche Adah The Minister of Power, Dr. Adebayo Adelabu along...

Gov. Adeleke stands firm, vows to conduct council polls despite AGF’s objections

Despite a directive from Attorney-General of the Federation (AGF) and Minister of...

Nigeria’s Central Bank Holds Interest Rate Steady at 27.50%

The Central Bank of Nigeria (CBN) has decided to hold all parameters...

32 years after, Babangida finally admits Abiola won June 12 presidential poll in new memoir

In a shocking admission, Nigeria’s former Head of State, retired General Ibrahim...

Dispute Over Seating Arrangement Creates Tension in Senate, Pits Akpoti-Uduaghan Against Leadership

Tensions flared in the Senate on Thursday as Senator Natasha Akpoti-Uduaghan clashed...

US Ambassador to Nigeria, Richard Mills, denies USAID funding of Boko Haram

In a bid to clear its name, the United States has denied...

USAID terrorism financing allegations: Senate summons security chiefs

Amid the swirling controversy surrounding US Congressman Perry Scott’s allegations that the...

Microsoft Invests $1m in Nigeria’s AI Ecosystem, Targets 1 Million Nigerians for Training

In a significant boost to Nigeria’s Artificial Intelligence (AI) ecosystem, tech giant,...

Pres.Tinubu Pays Tribute to Late Clark, Hailing Him as Courageous Leader

President Bola Tinubu has expressed deep sadness over the passing away of...

Just in: Renowned Nigerian Statesman Edwin Clark Passes Away at 97

Chief Edwin Kiagbodo Clark, a prominent Nigerian statesman and leader of the...

FG to US: Adhere to established protocols in deporting 85 Nigerians

By Daniel Okejeme with agency report As the gale of deportation continues...

Angolan President João Lourenço Takes Helm as African Union Chairperson

Angolan President João Lourenço has been elected as the new chairperson of...

Anambra accident: Cement-laden truck crashes into building, leaving five dead, others injured

A tragic accident occurred at the Area Command Bus Stop in Nnewi,...

Just in: Afenifere leader, 96-year-old Ayo Adebanjo exits

Pa Ayo Adebanjo, leader of Afenifere, a pan-Yoruba socio-cultural organization, has died...

FG Launches ‘Power Rangers’ to Protect Power Installations

Nigeria’s Minister of Interior Olubunmi Tunji-Ojo has announced the inauguration of a...

Breaking: National Assembly passes 54.9trn 2025 budget

The National Assembly has approved a record-breaking N54.9 trillion federal government’s budget...

Nigeria Partners Google to Harness AI for Digital Economic Growth

Nigeria is exploring a strategic partnership with Google to advance artificial intelligence...

NNPCL Chief, Kyari, Unveils Strategic Priorities for Africa’s Sustainable Energy Development

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum...

Five months after cabinet reshuffle: Tinubu orders ministers to render account of stewardship

President Bola Tinubu has directed his ministers to provide an immediate account...

Just in: CBN Introduces New ATM Transaction Fees Effective March 1

The Central Bank of Nigeria (CBN) has announced a review of transaction...