ICPC Arrests Woman Offering New Naira Notes For Sale

ICPC Arrests Woman Offering New Naira Notes For Sale

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested a woman, Omoseyin Esther, who went by the Twitter handle Simisola of Lala and advertised new naira notes for sale on social media.

The arrest was made as a result of intelligence received, which led ICPC agents to seek out and apprehend the suspect.

Esther, a social media “serial entrepreneur” who deals in skincare, fuel sales, visa acquisition, and other businesses, took advantage of the scarcity of the new naira notes to openly market the new notes.

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According to the spokesperson, ICPC, Azuka Ogugua, “It is believed she is in collusion with key elements in the financial services sector diverting the newly released notes away from banking halls and payment channels into a “ black market”

Ogugua stated that the suspect is currently in ICPC custody and is assisting the Commission with its findings on criminal naira trading and the attendant scarcity and negative economic outcomes caused by the action.

“The action is in furtherance of the collaboration between CBN ICPC and EFCC in implementing the new cashless policy and naira redesign”, she said.

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