The Nation Newspaper

Tag: Bureau-de-change

  • CBN, stakeholders meet on cashless policy

    CBN, stakeholders meet on cashless policy

    The Central Bank of Nigeria on Tuesday met with banks and Bureau de Change operators on the need for them to sensitise their customers on the cashless policy.

    A Deputy Governor in CBN, Mr. Tunde Lemo, told the audience that it was time Nigeria updated its payment system to enhance her global competitiveness.

    Lemo said the effectiveness of the policy would depend largely on the collaboration of all stakeholders and the government.

    “Some of the benefits include safety of cash from robbers, electoral malpractice and the promotion of financial inclusion.

    “Others are the reduction in cost of credit, transparency and it curbs corruption and leakages,” the CBN chief said at the forum.

    Lemo was represented by Babatunde Ajiboye, a Deputy Manager in the bank.

    Earlier, Mazi Azubuike Okoro, the Branch Controller of CBN in Awka, said that Anambra was strategic because of her high commercial activities.

    Okoro said the policy was also a good option for the people in view of the high volume of cash transactions in the state.

    The News Agency of Nigeria recalls that the cashless policy, which was earlier scheduled to begin in Anambra and five other states on July 1, was rescheduled till October 1.

     

  • Police kill two, arrest three in foiled bureau de change robbery

    Police kill two, arrest three in foiled bureau de change robbery

    It was a black day for armed robbers in Ibadan, the Oyo State capital, yesterday as the police foiled attempts to rob a bureau de change shop, killing three and arresting three other armed robbery suspects.

    The suspects, who rode on motorcycles to the bureau de change in Sabo area of the city around 5:30 pm, swooped on the shop and ordered the customers and operators to surrender all currencies in their possession.

    A member of the gang, who manned the entrance of the shop, was said to have fired a shot into the air to scare off neighbours and passers-by, forcing them to scamper for safety.

    But the gunshot confirmed to residents an armed robbery was taking place, forcing them to contact the police.

    The command swiftly mobilised members of a special task force code named Skynet from the nearby Mokola Police Division, who cordoned off the shop.

    On sighting the police, the armed bandits were said to have made attempts to escape by engaging them in a gun duel.

    Two of the five-member gang were killed in the crossfire while three others were arrested.

    The gun duel caused pandemonium in the Sabo/Mokola area as residents, passers-by and motorists scampered for safety.

    While shop owners and customers ran for cover, motorists abandoned their vehicles.

    The development also caused a terrible traffic snarl in the area

    The bandits’ eventual defeat triggered jubilation among residents in the area and restored normalcy.

    Residents, traders and motorists hailed the police for a job well done.

    The corpses and three suspects were taken to the Special Anti-Robbery Squad (SARS) headquarters in Iyaganku.

    The Police Public Relations Officer (PPRO) in the state, Mrs. Olabisi Ilobanafor, confirmed the incident.

    Ilobanafor, a Deputy Superintendent of Police (DSP) said: “I want to use this medium to express gratitude to residents of Mokola.

    “They joined hands with the police to bring these robbers to their kneel. They gave the police necessary backing. We implore other residents to emulate them. Security is everybody’s business.”

    She warned criminals to stay away from the state, saying the command was battle-ready for them.

  • Police kill two, arrest three in a foiled robbery in Ibadan

    It was a black day for armed robbers in Ibadan, the Oyo State capital on Saturday as the police foiled a major robbery at a bureau de change, killing three and arresting three other armed robbery suspects.

    The suspects, who rode on motorcycles to the bureau de change in Sabo area of the city around 5:30 pm, disengaged swiftly, swooped on the shop and commanded both customers and the operators to surrender all the currencies in their possession.

    A member of the gang, who manned the entrance of the shop was said to have fired a shot into the air to scare neighbours and passers-by forcing them to scamper for safety.

    Consequently, some of them contacted the police. The command swiftly mobilized members of a special task force code named: “Skynet” from the nearby Mokola Police Division. The armed police swooped on the shop instantly.

    On sighting the police, the armed bandits were said to have made attempts to escape by engaging them in a gun duel. Two of the five-member gang were killed in fire exchange while three others were arrested.

    The gun duel caused pandemonium in the Sabo/Mokola area as residents, passers-by and motorists tried to avoid been shot in the cross fire. While shop owners and customers ran for cover, motorists abandoned their vehicles to seek a safe haven. The development also caused a huge traffic in the area

    The bandits’ eventual defeat triggered jubilation among residents in the area and restored normalcy. Residents, traders and motorists hailed the police for a job well done.

    They corpses and three suspects were taken to the Special Anti-Robbery Squad. (SARS) headquarters in Iyaganku.

    Incidents of armed robbery with motorcycles had increased in the state capital in recent times, forcing government to give commercial motorcyclists and tricyclists a 21 days ultimatum to register with the government or face ban.

    Two robbery incidents had been recorded earlier in the day.

    When contacted, the Police Public Relations Officer (PPRO) in the state, Mrs Olabisi Ilobanafor, confirmed the incident.

  • Bureau-de-change robbed in Ibadan

    Two armed robbers yesterday stole about N3 million from a bureau-de-change operator, popularly called Bature, and a motor dealer, Wasiu Gbadamosi, at Idiape in Ibadan, the Oyo State capital.

    Four persons were injured.

    It was learnt that the robbers operated with a motorcycle.

    The incident occurred around 1pm in front of the Odu’a Shopping Centre.

    Eyewitnesses said Gbadamosi and Bature went to change some foreign currency to naira at an undisclosed place and were trailed by the robbers.

    An eyewitness said: “As Gbadamosi and Bature alighted from a motorcycle and the motorcyclist sped off. As they moved towards their office, another man alighted from a motorcycle and moved towards Bature. He shot Bature in the leg and seized the bag containing the money from him.

    “As the robber was about to mount the motorcycle, on which the rider was at alert, Gbadamosi dragged the bag with him and clutched some packs of N1,000 notes.

    Police spokesman Bisi Ilobanafor confirmed the incident.

    She said the sound of gun shots alerted the police, adding that one of the robbers was shot in the back.

    Mrs. Ilobanafor urged the public to alert the police if they encounter anyone with a gun shot injury in the back.

    She urged residents to stop transacting business with cash and embrace internet/mobile banking.