The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has arrested one woman known as Oluwadarasimi Emma for selling the redesigned Naira notes on social media.
Oluwadarasimi was arrested for offering the redesigned Naira notes for sale on social media in the midst of the scarcity of the currency, even from banks and ATMs nationwide.
This was disclosed in a statement by the ICPC spokesperson, Azuka Ogugua, on Wednesday.
Ogugua said Emma, a serial entrepreneur, colluded with “key elements” in the financial sector to divert the new notes and sell them in the black market.
“The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has today, 1st of February 2023, arrested a woman, Oluwadarasimi Emma, with the Twitter handle Simisola of Lala, offering new naira notes for sale on social media,” the statement reads.
“The arrest was a result of intelligence received which led the ICPC operatives to seek out and promptly arrest the suspect.
“Oluwadarasimi Emma, 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 notes.
“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’.
“Oluwadarasimi 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 action is in furtherance of the collaboration between CBN ICPC and EFCC in implementing the new cashless policy and naira redesign.”
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