Business
CBN To Arrest Anyone Who Sprays, Steps On Naira Notes
The Central Bank of Nigeria has threatened to arrest and prosecute anyone who abuses the Nigerian Naira in Public.
The CBN issued a stern warning on Monday against spraying or stepping on the nation’s currency at public events.
The statement, signed by the Ag. Director, Corporate Communications, CBN, Osita Nwanisobi, read:-
“The attention of the Central Bank of Nigeria (CBN) has again been drawn to the activities of persons, who flagrantly abuse the legal tender by hurling wads of Naira notes in the air and stamping on the currency at social functions.”
“There have also been cases where people mishandle the Naira, deface it, hawk the currency at parties and reject the currency in some instances.
It should be stated that, contrary to the practice of these unpatriotic persons, it is neither cultural nor moral, for people to disrespect the currency which citizens trade in.”
“For the avoidance of doubt, Section 21(3) of the Central Bank of Nigeria Act 2007 (As amended) stipulates that “spraying of, dancing or matching on the Naira or any note issued by the Bank during social occasions or otherwise howsoever shall constitute an abuse and defacing of the Naira or such note and shall be punishable under the law by fines or imprisonment or both.”
“Accordingly, the Central Bank of Nigeria (CBN) is collaborating with the Nigeria Police, Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) to address the unpatriotic practice.”
“We therefore warn Nigerians, particularly those at social functions such as birthdays, weddings and funerals, to desist from disrespecting the Naira or risk being arrested by law enforcement agencies. The Naira is our legal tender and symbol of national pride.”
-
News2 days ago
Yahaya Bello: American International School Of Abuja Has Transferred $760,910.84 To EFCC Out Of $845,852
-
News7 days ago
Court orders Becky Buodeigha alias Becky Minaj, CEO of BM Secrets to pay Baraza N7m
-
Politics6 days ago
EFCC: I am Ready to Appear in Court But Afraid of Arrest – Yahaya Bello
-
Business6 days ago
Again, Dangote reduces diesel, aviation fuel prices to N940, N980
-
Politics6 days ago
Court dismisses suit seeking Diri’s disqualification, awards N500,000 Fine
-
Politics4 days ago
ONDO 2024/ Akeredolu’s ex-deputy Agboola wins PDP governorship election primary.
-
News2 days ago
Why people do strange, incredible things for love – Psychologist
-
Politics2 days ago
Ondo Guber: PDP ‘ll win November election — Jegede