Rivers: NSCDC arrest six for money swindling
Six people have been detained in Port Harcourt by members of the Nigeria Security and Civil Defense Corps (NSCDC) Rivers State Command on suspicion of participating in a cash racket.
On Friday, December 9, 2022, the NSCDC Commandant of the Rivers State Command, Micheal Ogar, revealed this to reporters as he paraded the suspects and large sums of money that had been recovered.
Ogar claimed that the personnel from the Department of State Services and the CBN worked together to make their arrest.
They have violated sections 20 and 21 of the CBN Act by selling naira to naira, the official added. “These are suspects who are engaged in currency racketeering.
You are aware that you won’t find mints in the bank. These people now go to the banks, buy mints, and then sell those mints outside. Sections 20 and 21 of the CBN Act of 2007 forbade the sale of the naira, and I wish to remind the people of this.
He added that the command and other security organisations would keep up their pressure on offenders and bring them before the law.
He revealed that although Point of Sale devices are legal, it is forbidden for their operators to utilise them as a cover to commit crimes.
PoS devices are legal, but they are being used as a cover, just like when people collect naira and store them in millions.
You are aware that after telling the bank that you are doing a PoS business, they will give you money, after which you must go and sell the money. Suppose you intend to strike your adversary while operating a vehicle. Driving a car is allowed, but striking someone while feigning an accident is against the law.
The money was recovered from them, thus having a PoS does not allow you to start selling the naira notes you received from the bank, he explained.
The State NSCDC boss added that writing on naira notes and openly spraying them at gatherings are both serious offences.
“Writing on the naira is also prohibited by the Act. The Act also prohibits devaluing the naira. Many individuals are unaware that it is against the Act to spray naira during ceremonies, according to Ogar.
We will continue to visit birthday celebrations, funerals, and weddings when we find persons spraying money; they will be apprehended and charged in accordance with the CBN Act, he continued.
