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    Chronicle NG

    Naira: CBN staff, others selling new notes should be prosecuted – Olaleye

    Opalim LiftedBy Opalim LiftedApril 13, 2024No Comments2 Mins Read
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    Local governments share N1.35tn with states, FG for June allocation
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    A concerned Nigerian has called for the prosecution of syndicates accused of trading new naira notes.

    In the new notes business, Akin Olaleye said party hawkers, bank managers, and CBN staff are economic saboteurs and criminal syndicates.

    He stated that the party hawkers trade the new naira notes in the following ways: N10,000 for N18,000, N20,000 for N32,000, N50,000 for N65,000, and N100,000 for N120,000.

    In his “X” post, Olaleye stated, “Those who sell mint naira notes at parties should face prosecution for the actual crime.” How do they get this cash?

    “These are economic saboteurs and criminal syndicates, ranging from bank managers to CBN personnel!” “Madness,”he added.

    • Naira gains 7.2% to a dollar at official market

    Olaleye’s reactions came on the heels of the imprisonment of cross-dresser and social media celebrity Idris Okuneye, popularly known as Bobrisky, for six months without the option of a fine on April 12 over naira abuse, Chronicle NG reports.

    Justice Abimbola Awogboro of the Federal High Court, Lagos, said in her sentence that the judgement will serve as a deterrent to others who are fond of abusing and mutilating Nigerian currency.

    On April 5, Bobrisky pleaded guilty to a four-count charge brought against him by the anti-graft agency.

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    How death row inmate livestreams on TikTok, runs businesses from Nigerian prison

    NCoS transfers death row inmate, removes three officers after TikTok security breach

    August 6, 2026
    Ugochukwu Eze appears before the Federal High Court in Lagos over the alleged hacking of SunTrust Bank and diversion of N800 million.

    DSS arraigns man over alleged N800m SunTrust Bank cyber fraud

    August 6, 2026
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    Ugandan footballer David Owori beaten to death in robbery attack

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