Nigerian Police React to the Discovery of Rotten Naira Notes, Reveal the Real Owner

Nigerian Police React to the Discovery of Rotten Naira Notes, Reveal the Real Owner

  • The Nigerian police responded to a social media video that went viral showing rotting Naira notes in Benue.
  • The viral video has sparked a lot of emotional outbursts among Nigerians with many fingers pointing at politicians.
  • Several discoveries of old, rotting notes have made their way into social media after CBN introduced new Naira notes

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The Nigerian police have debunked a viral video that claimed to show bundles of decaying naira notes found in a shop inside the Police Barracks in Makurdi town's Wadata neighborhood.

In the video, some Nigerians can be seen removing sacks of what appear to be decaying papers from a warehouse.

The Benue State Police Command in a statement issued in Makurdi by its Public Relations Officer, Superintendent, SP, Catherine Anene described the video as ‘misinformation’.

Read also

Bus conductor rejects new N1,000 naira notes from passenger, video goes viral

Rotten naira notes Benue
Police promise to investigate Credit: Prudence
Source: UGC

It however promised to conduct a thorough investigation into the matter, the Vanguard reports.

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Part of the statement read:

“On December 13, 2022 at about 12 noon information was received at A Police Division Makurdi, that hidden Naira notes were recovered from Police Barracks Wadata.
“Police detectives sent on investigation to the scene recovered wasted papers in a shop close to Wadata Police Barracks, Makurdi. 
“The owner of the shop, Mr. Isah Suleiman was invited for questioning and he tendered a licence issued to him by Central Bank of Nigeria, CBN, for waste management.

The PRO statement added that these wasted papers are usually gotten from CBN and processed into mosquito repellents.

He also said the Investigation has been extended to CBN for confirmation.

CBN new Naira notes

Read also

CBN lists penalties for abuse of new naira notes as commercial banks begin circulation

However, the Central Bank of Nigeria has promised that commercial banks are ready for the distribution of new Naira notes from tomorrow, Thursday, December 15, 2022.

Air Peace others get new rival as Kano billionaire buys N4.2bn aircraft

Meanwhile, in another report after receiving approval from the federal government, Rano Air will soon be flying over Nigerian airspace.

The airline is owned by Kano-born business mogul and oil magnate, Alhaji Auwalu Abdullahi Rano.

To kick off the airline operation, Rano has spent over N4.2 billion in buying new aircraft.

Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.