The Nigeria Security and Civil Defense Corps said its operatives have arrested six persons allegedly involved in currency racketeering in Port Harcourt, Rivers State capital
The NSCDC Commandant, Rivers State Command, Micheal Ogar disclosed this while parading the suspects and seized sums of money before newsmen in Port Harcourt.
Ogar said the clampdown on the naira vendors is hinged on the Central Bank of Nigeria Act, sections 20 and 21 which makes it punishable for anyone or a group of people to hawk, sell, or trade in naira notes without authorization.
Ogar while analysing other punishable offence of the CBN ACT of section 20 and 21 also said the command and other security agencies would continue to clamp down on perpetrators of the offence and make them face the law.
He disclosed that while the Point of Sale machines is legal, it was against the law for operators to use it as a cover to perpetrate illegality.
Speaking with newsmen Some of the suspects said they are not aware of selling of naira is prohibited