As Nigerians experience frustration as a result of the scarcity of the new naira notes in most parts of the country, the Department of State Services says it has discovered a syndicate selling the new notes. It has even made arrests.

In a statement released today, Monday, January 20, 2023, the spokesman of the DSS, Peter Afunanya said the people involved in the crime include some bank officials. The statement read:

“The Department of State Services 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 trend.

“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.”