Edo State House of Assembly has directed  the commissioner of police in the state, Haliru Gwandu to stop the sale of mint currency in public places and functions.

The directive was sequel to a motion moved by the former speaker of the House, Victor Edoror (APC) member representing Esan Central constituency in the house at a plenary session in Benin-City.

Edoror in his motion noted that section 24 (4) of the Central Bank of Nigeria  (CBN) Act  2007 prohibits the illicit trading of mint currency.

He opined that the trading of the mint currency was punishable under the the CBN Act.

According to him, the illicit trading of mint currency has resulted to the distribution of mutilated currency in the society and also led to the scarcity of the naira notes.

He therefore called on relevant government’s agencies to enforce the law prohibiting the abuse of Nigerian currency by traders selling mint currency in public places.

The speaker of the house, Justin Okonoboh who condemned the sale of the new mints in public places directed the commissioner of police to deploy personnel to stop the act.

http://www.businessdayonline.com/edo-assembly-urges-police-stop-sale-mint-currency-public-places/

 

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