Groups of a criminal network peddling the new Naira notes have been caught by the Department of State Services (DSS).
DSS claimed in a statement on Monday that certain commercial bank executives were helping and abetting the conduct, but the agency did not provide the identities and locations of the suspects.
Dr. Peter Afunanya, the DSS’s Public Relations Officer, issued a statement warning of retaliation against individuals responsible for the misconduct.
“The Department of State Services (DSS) now advises the public that it has apprehended certain members of organized syndicates engaged in the selling of the newly redesigned naira notes,” reads the announcement.
As the investigation continued, it became clear that certain Commercial Bank employees were facilitating economic wrongdoing in some regions of the nation.
As a result, the Service has issued a warning to the currency racketeers to stop their shady practices.
In the same line, relevant regulatory bodies are asked to ramp up monitoring and supervision actions to swiftly handle new developments.
“It is important to emphasize that the Service has directed its Commands and Formations to take further steps to identify any and all individuals or organizations involved in the illicit selling of the notes. Because of this, it is imperative that anybody having pertinent information on this issue share it with the proper authorities.
