Bank officials implicated as DSS arrests syndicates selling new naira notes

The Department of State Services (DSS) has arrested some members of organised syndicates involved in the sale of the redesigned naira notes.

This was contained in a statement issued by Peter Afunanya, the secret police’s Public Relations Officer (PRO), on Monday, January 30, 2023.

The statement partly reads: “In the course of its operations in parts of the country, it was established that some Commercial Bank officials are 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.

“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.”

This development comes barely twenty-four hours after the Central Bank of Nigeria (CBN) announced the extension the old currency to February 10, 2023

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