The Department of State Services (DSS) has announced that it has arrested some syndicates involved in the sale of the newly redesigned naira notes which was made known on Monday in a statement issued by the DSS Spokesperson, Peter Afunanya.


The statement reads, “The Department of State Services (DSS) hereby informs the public that it has intercepted some members of organized syndicates involved in the sale of the newly 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 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.”