DSS arrests syndicates selling new currency notes; bank officials implicated


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

A statement by Peter Afunanya, the secret police’s Public Relations Officer (PRO), sent to POLITICS NIGERIA, revealed this update.

The DSS accused some commercial banks’ officials of “aiding the economic malfeasance”.

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.”

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