x

DSS operatives nab members of syndicates selling new naira notes

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

Peter Afunanya, the DSS public relations officer, said in a statement on Monday that syndicates connived with some commercial bank officials and were arrested during the secret police’s operation across the country.

“The Department of State Services (DSS) hereby informs the public that it has intercepted some members of organised syndicates involved in the sale of the newly redesigned naira notes,” the statement reads.

“In the course of its operations, in this regard in parts of the country, it was also 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 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.”

It will be recalled that the Central Bank of Nigeria (CBN) has finally extended the deadline for the swap of old naira notes at commercial banks by 10 days.

Earlier before the extension, Nigerians had complained about the inability to swap their old notes for the new designs as the January 31 deadline came close.

Also, there were queues observed across banks’ ATM machines induced by the new naira notes.

Hot this week

Boost for Nigeria as Chidozie Awaziem Returns Ahead of Crucial Gabon Clash

The Super Eagles have received a major boost ahead...

TCN Tower Vandalized on Gombe–Damaturu 330kV Line, Disrupting Power Supply to Northeast

By Jabiru HassanThe Transmission Company of Nigeria (TCN) has...

Plateau Government Reaffirms Support for NYSC’s Rural Health Initiative in Jos East

By Israel Adamu, JosThe Plateau State Government has reaffirmed...

Manchester United’s resurgence under Ruben Amorim continues, with the...

Both Real Madrid and Barcelona are looking to reset...

Real Madrid, Super League Backers Demand $4 Billion Compensation from UEFA

Real Madrid and the organisers of the European Super...

NWFL Confirms November 26 Kickoff for 2025/2026 Season

The Nigeria Women’s Football League (NWFL) has officially announced...

Match fixtures

Friday 31 October 2025 Bundesliga20:30 CET AugsburgvDortmundLa Liga21:00 CET GetafevGironaFA...

NIPR Institutes Annual PRICE Awards, Fixes 7th December for the Ceremony

PRESS RELEASEThe Nigerian Institute of Public Relations (NIPR)...

The State of Education and Youth Development in Delta State

By High Chief Sheriff George Mulade T. 400-Level International Relations...

Ethiopia and Eritrea: Lessons from a Long Road to Peace

After gaining independence in 1993, Eritrea and Ethiopia initially...

Related Articles

Popular Categories

spot_imgspot_img