Tuesday, March 11, 2025

IGP Orders Arrest Of Violators, Sales And Abuse Of Naira

The inspector- general of police, IGP Usman Baba, has ordered the deputy inspector-general of Police in charge of the Force Criminal Investigations Department ( FCID) and the deputy inspector- general of Police in charge of the Force Intelligence Bureau (FIB) to place officers and men of the Department and the Bureau across the nation on high alert and to carry out the arrest and ensuing prosecution of all individuals engaged in the trade or abuse of the Naira notes issued by the Central Bank of Nigeria( CBN).

The IGP has also charged all supervisory deputy inspectors general of Police and commissioners of Police in charge of Police Commands and Formations to carry out full enforcement of the provisions of Sections 20 and 21 of the Central Bank of Nigeria Act, 2007 which criminalise, amongst other effects, the peddling, dealing or otherwise trading, scattering of, dancing or matching on the Naira notes, falsifying or counterfeiting of banknotes, denial to accept the Naira as a means of payment, tampering with the coins or notes issued by the CBN.

READ MORE: SMARTFORCE: IGP Launches Database Management System

Force PRO, CSP Olumuyiwa Adejobi, said the inspector-general of police reiterated the authorization of the Nigeria Police Force to execute all laws and regulations without any prejudice to the enabling Acts of other security agencies and urged all and sundry to cooperate with the Nigeria Police Force as it brings the long arm of the law to bear upon all violators of the provisions of the CBN Act, and other extant enactments in Nigeria, with a view to having a well- policed society in all ramifications within the country.

Hot this week

NADDC Launches Electric Bus Contest for Nigerian Universities to Boost Local Innovation

The National Automotive Design and Development Council (NADDC) has...

Cost of Governance: Nigerian MDAs, Presidency Spend N1.9bn on France Trips Amid Economic Strain

Nigerian ministries, departments, and agencies (MDAs), along with the...

Afreximbank Projects Africa’s Inflation Rate to Decline to 7.2% in 2025

Africa’s inflation rate is set to fall from 8.6%...

FG Approves N151.9 Billion for Electric Vehicles and Infrastructure in North-East Nigeria

The Federal Government of Nigeria has approved N151.9 billion...

EFCC, France Forge Strategic Alliance to Combat Cybercrime and Asset Theft in Nigeria

Nigeria’s Economic and Financial Crimes Commission (EFCC) has entered...

Congo’s Critical Minerals Attract US Interest for Strategic Partnership

The United States has expressed readiness to explore partnerships...

Nigeria’s Petrol Imports Hit Record N15.42 Trillion in 2024 Despite Refinery Operations

Nigeria’s petrol import costs surged to an unprecedented N15.42...

FG Approves N151.9 Billion for Electric Vehicles and Infrastructure in North-East Nigeria

The Federal Government of Nigeria has approved N151.9 billion...

UN Allocates $110 Million to Overlooked Crises as Aid Cuts Deepen

The United Nations has allocated $110 million to address...

‘We Won’t Tolerate Poor Quality’: FG Warns Developers on Housing Projects

'The Federal Government has issued a stern warning to...

Cost of Governance: Nigerian MDAs, Presidency Spend N1.9bn on France Trips Amid Economic Strain

Nigerian ministries, departments, and agencies (MDAs), along with the...

Nigerian Air Force of Deliberately Refused to Settle N4.34 Billion Electricity Debt – Discos

The Association of Nigerian Electricity Distributors (ANED) has accused...

Afreximbank Projects Africa’s Inflation Rate to Decline to 7.2% in 2025

Africa’s inflation rate is set to fall from 8.6%...

Related Articles

Popular Categories