Nigeria Police, in conjunction with the Central Bank of Nigeria (CBN), have arrested 12 women for selling naira notes in parts of Lagos State.
The women were allegedly selling mint naira notes to people going to parties to ‘spray’ celebrants.
They are likely to be charged for contravening Section 21 of the CBN Act, 2007.
An official of the CBN said: “We know that these are not the real targets because if they don’t get the mint notes, they won’t be able to sell it. So, our main targets are commercial banks and even our staff who release the money to these vendors .
We are also going to start arresting Nigerians who organise events and allow those selling naira notes in their venues. Already, we have started arresting people who ‘spray’ money at social events.”
An official of the CBN said: “We know that these are not the real targets because if they don’t get the mint notes, they won’t be able to sell it. So, our main targets are commercial banks and even our staff who release the money to these vendors .
We are also going to start arresting Nigerians who organise events and allow those selling naira notes in their venues. Already, we have started arresting people who ‘spray’ money at social events.”
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