Explaining their ‘newly- found’ status, the beggars said most people now gave them old naira notes and demanded for ‘change’ in return for a reward.
The statement came as Nigerians continue to face excruciating pains and hardship over the scarcity of fuel and shortage of the newly redesigned notes nationwide.
The suspects were in possession of counterfeit 180 pieces of the CBN newly-redesigned N1,000 notes.
The CBN distributed PoS to 30,000 super-agents, with a cash sum of N500,000 each, to ease the naira cash swap on January 25.
The committee on Sunday rejected a two-week extension for the deposit of old naira notes announced earlier in the day by Mr Emefiele.
In a statement by his spokesperson, Garba Shehu, the president said the CBN policy was targeted at people hoarding illicit funds.
It was gathered that only few of the 21 council headquarters in Kebbi and their adjoining villages have a bank presence.
Citing Orders 45 and 51 of the Senate Rule, Senator Ali Ndume (APC-Borno) moved a motion to extend the circulation of the old notes.
The naira on Wednesday exchanged at N450.58 to $1 at the Investors and Exporters window.
A total of N72.15 million was traded at the Investors and Exporters window on Tuesday.
