A Twitter user is detained by the ICPC for selling new naira bills.

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The Independent Corrupt Practices and Other Related Offences Commission has detained Oluwadarasimi Omoseyin, an Abuja-based Twitter user with the handles @SimisolaGold and Simisola of Lala, for allegedly proposing to sell the new Naira notes.

Following his arrest on January 31st, Omoseyin has not yet mentioned the other syndicate members. According to the agency’s spokesperson, Mrs. Azuka Ogugua, the suspect is currently being held by the ICPC and is assisting the commission with its findings on the illegal trading of the naira, the resulting scarcity, and the detrimental effects on the economy.

Ogugua declared;


Oluwadarasimi Omoseyin, a “serial entrepreneur” in social media, who operates in skincare, fuel sales, the facilitation of overseas travel through the acquisition of visas, and other enterprises, took advantage of the new naira notes’ shortage to publicly promote them.

She is suspected of conspiring with important players in the financial services industry to divert recently released notes away from banking facilities and payment systems and onto a “black market.”