ICPC arrests woman for selling new naira notes on social media

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested a woman, Omoseyin Oluwadarasimi Esther, for allegedly selling the new naira notes on social media.

The ICPC, in a statement issued by its spokesperson, Azuka Ogugua, said Omoseyin was arrested on Wednesday.

Ogugua stated that the suspect, a social media “serial entrepreneur” who deals in skincare, sales of fuel, facilitation of foreign travels through visa acquisitions, and other businesses, seized the opportunity of the scarcity of the new naira notes to openly market the new currency.

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The ICPC spokesperson noted that the arrested woman was in collusion with some people in the financial services sector diverting the newly released notes away from banking halls and payment channels into a “black market”.

She stated that the suspect is currently in ICPC detention, adding that she has been helping the Commission with its findings on the criminal trading of the naira, the attendant scarcity, and negative economic outcomes being caused by the action.

“The action is in furtherance of the collaboration between CBN ICPC and EFCC in implementing the new cashless policy and naira redesign,” Ogugua added.

The Star