Thursday, November 5, 2026

SSS says syndicates selling new naira notes arrested

The State Security Service (SSS) says it intercepted syndicates allegedly selling the newly redesigned naira notes across the country.

• January 30, 2023
SSS and new naira notes
SSS and new naira notes

The State Security Service (SSS) says it intercepted syndicates allegedly selling the newly redesigned naira notes across the country.

A statement by Peter Afunanya, SSS spokesperson on Monday in Abuja, said operatives of the service intercepted the syndicates during an operation.

SSS also accused some bank officials of complicity.

“Consequently, the service warns the currency racketeers to desist from this ignoble act,” the secret police said. “Appropriate regulatory authorities are, in this same vein, urged to step up monitoring and supervisory activities to expeditiously address the emerging trends.”

The statement said the SSS had ordered its commands and formations to ensure that people and groups engaged in the illegal sale of the banknotes were identified.

SSS urged Nigerians with useful information relating to the sales of the new currency to pass the same to relevant authorities.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

World

Iran says tankers, tugboat catch fire in Strait of Hormuz

Iran is also carrying out more attacks on vessels further away from the Strait of Hormuz, according to experts.

Lagos

Lagos police defend RRS officers driving against traffic in viral video

The police assured residents that the command remained open to genuine complaints and constructive criticism.

Police

NationWide

Tinubu govt promises to improve police welfare, infrastructure

President Bola Tinubu’s government has pledged to prioritise police infrastructure and personnel welfare to improve service delivery and ease officers’ hardship.

Governor Ron DeSantis

World

Midterm election results not acceptance of Democrats but rejection of Republicans: DeSantis

“This was not a positive view of the Democrats,” said Mr DeSantis. “This was a rejection of Republicans in Washington.”

Abuja

AFD seeks stronger partnership with Nigeria to boost economic growth

Christophe Lecourtier, CEO of AFD, says the agency seeks to strengthen France’s cooperation with Nigeria to promote growth and advance shared interests.

World

NASA satellite crashes back to Earth after failed rescue attempt

A research satellite has fallen back to Earth after a rescue mission by the U.S. space agency NASA failed.