Edo State Police is currently on the trail of some bankers who engaged in the sale of Nigeria currency.
It said some suspects arrested have made statements on how they got the naira notes.
Edo Police Commissioner, Babatunde Kokumo, stated this when he paraded eight persons including two females arrested in different parts of Benin City for engaging in illicit sales of Nigerian legal tender (naira notes).
The sum of N12.5m stashed in different warehouses was recovered from them, The Nation reports.
The Edo Police boss warned those intending to engage in the illicit sales of naira notes for the purpose of selling to people at occasions to desist from the act.
Names of the arrested suspects were given as Frankyn Izukwu, Obi Alex, Osazuwa Osagede, Deborah Igbinosa and Elvis Iyomana.
The suspects said they were only employed to sell the naira notes.
They said the new naira notes are gotten from Lagos and Abuja while old notes are sourced from local banks