DSS intercepts syndicate selling redesigned naira notes

The Department of State Services (DSS) said it has intercepted some members of an organised syndicate involved in the sale of the newly redesigned naira notes.

Spokesman of the agency, Dr Peter Afunanya, in a statement on Monday, said the Service established that some commercial bank officials are aiding the economic malfeasance.

Afunanya said: “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.”