Black market: ICPC arrests lady for selling new naira note on social media

Independent Corrupt Practices Commission (ICPC), an anti-corruption agency, has confirmed the arrest of a Twitter user, Omoseyin Oluwadarasimi Esther, for offering new naira notes for sale on social media.

The commission made this known in a series of tweets sighted by Ikeja Bird on Wednesday, February 1, saying the lady was arrested after it received an “intelligence” report that she was “in collusion with key elements in the financial services sector diverting the newly released notes.”

ICPC said also confirmed that Esther is in detention, helping in fishing out culprits behind the illegal sales of the new naira notes.

“The arrest was as a result of intelligence received which led the ICPC operatives to seek out and promptly arrest the suspect. It is believed she is in collusion with key elements in the financial services sector diverting the newly released notes away from banking halls and payment channels into a “ black market.”

“She is currently in ICPC detention and is helping the Commission with its findings on the criminal trading of the naira and the attendant scarcity and negative economic outcomes being caused by the action,” the tweet read.

Ikeja Bird recalls that the since the Central Bank of Nigeria (CBN) announced the deadline for the deposit and exchange of the old naira notes for new ones, the economy has been badly affected.

Although the apex bank said the decision was not targeted at poor Nigerians, many local businesses have been grossly affected as traders demand new notes amid panic, bringing more hardship to the common Nigerians.

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