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By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

The Independent Corrupt Practices and Other Related Offences Commission (ICPC), on Wednesday, arrested a woman, Esther Oluwadarasimi Omoseyin, with the Twitter handle Simisola of Lala, offering new naira notes for sale on social media.

The arrest was as a result of intelligence received which led the ICPC operatives to seek out and promptly arrest the suspect.

Esther Oluwadarasimi Omoseyin , 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 that she is in collusion with key elements in the financial services sector to divert the newly released notes from banking halls and payment channels into a “ black market”

Omoseyin 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 her action.

The action is in furtherance of the collaboration between CBN ICPC and EFCC in implementing the new cashless policy and naira redesign. NNL.

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