According to the Police, some suspects arrested have made statements on how they got the naira notes.
Edo Police Commissioner, Babatunde Kokumo, stated this when he paraded eight persons including two females arrested in different parts of Benin City for engaging in illicit sales of Nigerian legal tender (naira notes).
The sum of N12.5m stashed in different warehouses was recovered from them.
Kokumo said the clampdown was the command’s enforcement drive to implementing the Presidential order prohibiting the illicit sales of naira notes as enshrined in section 20 and 21 of the Central Bank of Nigeria Acts.
Kokumo said the operation was carried out in collaboration with Department of State Security Services and the Central Bank of Nigeria.
He said the clampdown on illegal currency dealers would be continuous until the offenders are completely wiped out.
The Edo Police boss warned those intending to engage in the illicit sales of naira notes for the purpose of selling to people at occasions to desist from the act.
Names of the arrested suspects were given as Frankyn Izukwu, Obi Alex, Osazuwa Osagede, Deborah Igbinosa and Elvis Iyomana.
The suspects said they were only employed to sell the naira notes.
They said the new naira notes are gotten from Lagos and Abuja while old notes are sourced from local banks.
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