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DSS INTERCEPTS SYNDICATES SELLING NEW CURRENCY NOTES; BANK OFFICIALS IMPLICATED

  • January 30, 2023
    Press Release


The Department of State Services (DSS) hereby informs the public that it has intercepted some members of organised syndicates involved in the sale of the new redesigned naira notes. 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.  

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 the 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. 

Peter Afunanya PhD fsi 
Public Relations Officer
Department of State Services
National Headquarters, Abuja 
30th January, 2023