Kwara State Police Arrests 13 Persons For Hawking Naira Notes – Nigerian News – African News Network | Latest African News | Nigerian News | Breaking News
Connect with us

Business News

Kwara State Police Arrests 13 Persons For Hawking Naira Notes

Published

on

Kwara State Police Arrests 13 Persons For Hawking Naira Notes

The Kwara State Police Command has arrested 13 persons for allegedly selling, hawking and trading in Naira notes, contrary to provisions in the act of the central bank of Nigeria.

The spokesman for the state command, DSP Ajayi Okasanmi, who paraded the suspects, said the arrests were necessary to enforce the provisions of sections 20 and 21 of the CBN act which say selling and trading of the Naira currency are punishable offences.

READ:  Abdulrazaq APC Governorship Candidate To Battle PDP's Razak Atunwa In Kwara

Okasanmi said the suspects were arrested at various points in ilorin metropolis following intelligence report.

The suspects will be charged at the conclusion of police investigations.

READ:  NNPC Accuses NASS Of Being Unfair

Okasanmi said members of the public should desist from abusing the Naira. He said our currency is one of the symbols of our identity.

African News

Zimbabwe Central Bank Abandons Quasi Dollar

Published

on

By

Zimbabwe Central Bank Abandons Quasi Dollar

Zimbabwe Central Bank has abandoned the quasi dollar it introduced in 2016.  The peg of one Zimbabwe dollar to one US dollar has not worked as the black market rate has been in the range of three and a half to four Zimbabwe dollars to one U.S. dollar.

READ:  Atiku Accuses EFCC Of Taking Sides With Funtua

Economists say this move could lead to jitters in countries that hold the peg, including Saudi Arabia and Hong Kong.

Zimbabwe has long been dealing with currency instability that in 2009, it introduced the US dollar, euro, and the South African rand as legal tenders it thought would stem the wild round of hyper-inflation.

READ:  Man In Trouble For Allegedly Assaulting Police Officer

Continue Reading

Business News

FIRS Directs Banks To Lift Liens Placed On Tax Defaulters’ Accounts

Published

on

By

FIRS Directs Banks To Lift Liens Placed On Tax Defaulters' Accounts

The Federal Inland Revenue Service (FIRS) has directed banks to lift for 30 days the liens placed on bank accounts of alleged tax defaulters.

FIRS explained that it took the step because large numbers of defaulting taxpayers have besieged its offices in than effort to regularise their tax positions.

READ:  Sessions Limited U.S. Oversight Of Local Police Before He Was Ousted - Reports

In September, FIRS Boss Babatunde fowler had said the service was going after six thousand defaulters whose bank accounts would be frozen until they pay up.

READ:  Court To End Ogun State PDP Governorship Candidate Tussle

KPMG, one of the big four auditors in the world, had accused FIRS of going draconian by directing banks to freeze accounts of suspected tax defaulters.

READ:  CUPP Condemns Nationwide Police Redeployment

Continue Reading

African News

Total Discovers Gas Off Southern Coast of South Africa

Published

on

By

Total Discovers Gas Off Southern Coast of South Africa

Patrick Pouyanne, CEO of French energy giant, Total, says his company has made a significant discovery of gas, off the southern coast of South Africa.

READ:  CUPP Condemns Nationwide Police Redeployment

Total says potential quantities could be around one billion barrels of global resources, gas and condensate light oil. The country currently imports fuel from Mozambique.

READ:  Osun Decides 2018: Police Arrest 16 Persons Allegedly With Illegal Observer Tags

South Africa’s Mineral Resources Minister, Gwede Mantashe, says the discovery was a potentially major boost for the economy.

Continue Reading

Trending

Subscribe to ANN News Alert

Be the first to receive the latest news from Africa and around the world.

%d bloggers like this: