The Department of State Services (DSS) has arrested some members of an organised syndicate reportedly involved in selling the redesigned naira notes.

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The security agency further disclosed that its operations across the country has established that some Commercial Bank officials are aiding the trade in the new currencies.

Spokesperson of the DSS Peter Afunnaya disclosed these in a statement on Monday, January 30.

“The Department of State Services (DSS) hereby informs the public that it has intercepted some members of organised syndicates involved in the sale of the new redesigned naira notes.

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“In the course of its operations, in this regard in parts of the country, it was also established that some Commercial Bank officials are aiding the economic malfeasance,” the statement said.

The DSS warns the currency racketeers to desist from the act or face the wrath of h the law.

“Appropriate regulatory authorities are, in this same vein, urged to step up monitoring and supervisory activities to expeditiously address the emerging trends.”

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