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According to the police, some detained suspects made statements about how they got the police Naira notes,
Edo Police Commissioner Babatunde Kokumo explained this when he showed eight people, including two women, who were arrested in various parts of the city of Benin for illegally selling Nigerian legal notices (naira notes).
The sum of N12.5 million, which was housed in various camps, was reclaimed by them.
Kokumo said the coercion had been the enforcement measure of the command to implement the presidential order forbidding the illegal sale of Naira notes, as enshrined in Sections 20 and 21 of the Central Bank of Nigeria Acts.
Kokumo said the operation was carried out in cooperation with the Ministry of State Security Services and the Central Bank of Nigeria.
He said the coercive measures against illegal currency traders would continue until the perpetrators are completely eradicated.
The head of the Edo police warned those who intended to make illegal sales of Naira banknotes to sell to people who occasionally wanted to refrain from the act.
The names of the arrested suspects were given as Frankyn Izukwu, Obi Alex, Osazuwa Osagede, Deborah Igbinosa and Elvis Iyomana.
The suspects said they were busy selling the Naira banknotes.
They said that the new Naira banknotes come from Lagos and Abuja, while old banknotes are sourced from local banks.
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