March 29, 2023

The Department of State Services (DSS) Monday said it has intercepted some members of organised syndicates involved in the sale of the new redesigned naira notes.
The Service also said
that some commercial bank officials are aiding the economic sabotage.
“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”, DSS disclosed in a statement.
In the statement made by its Public Relations Officer, Peter Afunanya PhD, the DSS said,
“Consequently, the Service warns the currency racketeers to desist from this ignoble act”.
The statement added “Appropriate regulatory authorities are, in this same vein, urged to step up monitoring and supervisory activities to expeditiously address the emerging trends”.
In the same vein 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”, DSS urges.

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