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Home Security Sale, Abuse of Naira: IGP Orders Prosecution of Violators
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Sale, Abuse of Naira: IGP Orders Prosecution of Violators

By
Olumuyiwa Adejobi
-
February 3, 2023
Police Boss IGP Alkali Usman Baba
Police Boss IGP Alkali Usman Baba

Sale, Abuse of Naira: IGP Orders Prosecution of Violators

Tasks Supervising AIGs, CPs on Enforcement of CBN Act

In furtherance of the Federal Government’s policy and drives to uphold the provisions of the Central Bank of Nigeria Act, 2007, and dignify Nigeria’s currency, the Inspector-General of Police, IGP Usman Alkali Baba, psc(+), NPM, NEAPS, fdc, CFR, has ordered the Deputy Inspector-General of Police in charge of the Force Criminal Investigations Department and the Assistant Inspector-General of Police in charge of the Force Intelligence Bureau to place officers and men of the Department and the Bureau across the nation on high alert and to carry out the arrest and subsequent prosecution of all individuals engaged in the sale or abuse of the Naira notes issued by the Central Bank of Nigeria.

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The IGP has similarly charged all supervisory Assistant Inspectors-General of Police and Commissioners of Police in charge of Police Commands and Formations to carry out full enforcement of the provisions of Sections 20 and 21 of the Central Bank of Nigeria Act, 2007 which criminalizes amongst other things the hawking, selling or otherwise trading, spraying of, dancing or matching on the Naira notes, falsifying or counterfeiting of bank notes, refusal to accept the Naira as a means of payment, tampering with the coin or note issued by the CBN.

The Inspector-General of Police reiterated the mandate of the Nigeria Police Force to enforce all laws and regulations without any prejudice to the enabling Acts of other security agencies and urged all and sundry to cooperate with the Nigeria Police Force as it brings the long arm of the law to bear upon all violators of the provisions of the CBN Act, and other extant statutes in Nigeria, with a view to having a well-policed society in all ramifications within the country.

CSP OLUMUYIWA ADEJOBI, mnipr, mipra
Force Public Relations Officer,
Force Headquarters,
Abuja.

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How Security Forces Calmed, Secured, and Evacuated Passengers after Kaduna-Abuja Train Derailment By Samuel AruwanBREAKING: Immigration Announces Upward Review for Passport Fees to N100,000, N200,000Nigeria Wins Hosting Rights for International Defence Expo 2026Africa’s Defence Chiefs Champion AI, Youth Empowerment in War on ExtremismNiger Speaker Applauds Troops After Latest Intelligence Led Anti-Banditry OperationPolice Nab Suspected Terrorists in Imo, Fake Soldier in AbujaNITDA, IMPR Spotlight AI as Driver of Nigeria’s Digital Future at Economic Confidential LectureNdace and the ‘Voice’ of Vision By Ahmed Balarabe Sa’idDICON, DMG Events to Co-Host Africa Defence Exhibition 2026Tinubu Vows Tech-Driven Development, Food Security, Urges Diaspora ParticipationFG, Nigerian Army Partner to Tackle Proliferation of Small ArmsFG to Spend N750bn on Pension Bond, Expands Free Medical Services for Civil ServantsTroops Repel Boko Haram/ISWAP Attack, Eliminate Scores in BornoTribute to Colonel Mohammed Mana: An Officer & Gentleman ​By Sani Usman KukashekaYouth Group Launches Digital Hub to Counter Violent Extremism
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