NAIRA REDESIGN: DSS INTERCEPTS SYNDICATES, BANK OFFICIALS, SELLING NEW CURRENCY NOTES

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The operatives of the Department of State Services, DSS, on Monday intercepted some members of organised syndicates involved in the sale of the new redesigned naira notes.

The operation exposed some of the syndicates in the banking sector who are facilitating the illicit currency trading and trafficking of the new redesigned naira notes.

Public Relations Officer Department of State Services, National Headquarters, Abuja, Peter Afunanya, in a statement on Monday, said that some Commercial Bank officials were aiding the  dastardly act.  

Afunanya said the Service frowns at the currency racketeers and warned them to desist from the ignoble act. 

He stated that appropriate regulatory authorities are urged to step up monitoring and supervisory activities to expeditiously  address the emerging trends. 

“The Department of State Services (DSS) hereby informs the public that it has intercepted some members of organised syndicates involved in the sale of the new redesigned naira notes.

“In the course of its operations, in this regard in parts of the country, it was also established that some Commercial Bank officials are aiding the  economic malfeasance.  

“Consequently, the Service warns the currency racketeers to desist from this ignoble act. Appropriate regulatory authorities are, in this same vein, urged to step up monitoring and supervisory activities to expeditiously  address the emerging trends. 

“It should be noted that the Service has ordered its Commands and Formations to further ensure that all  persons and groups engaged in the illegal sale of the notes are identified. 

“Therefore, anyone with useful information relating to this is encouraged to pass the same to the relevant authorities.” The statement said.

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