The Central Bank of Nigeria has warned Nigerians to restrain from defacing the Naira, describing such act as criminal and an affront on national pride.

According to the apex bank, the Naira, like the National flag remains a symbol of Nigeria’s nationhood and sovereignty, hence the need to respect and preserve it.

The bank disclosed this on Thursday in Osogbo, the Osun State capital during a programme tagged ” CBN Fair” with the theme : Promoting Financial and Economic Stability ” which was specifically organised to sanitise the residents on some of CBN policies and programmes.

Speaking at the event, the Director, Corporate Communications Department of the bank, Mr Isaac Okorafor, who was represented by the Assistant Director in the department, Mr Samuel Okogbue said spraying of notes, squeezing and writing on it constitute grievous offences that attract penalty in the face of law.

He, however, emphasised the need to develop the local manufacturing industries and create employment for the teeming youths, as he implored residents to be conscious of indigenous goods and be patriotic enough to patronise it.
“We cannot continue to patronise foreign goods and expect the economy to grow to the extent of accommodating our teeming unemployed youths; we must start making our indigenous goods a priority in our choice of demand”.




Read more here https://thickmatch.com/criminal-act-deface-naira-cbn-warns-nigerians/

Have been hearing this ever since i was young. Yet, you haven't prosecute anybody

I’m not sure who the joker is here, the news outlet or CBN. The apex bank holds a summit in a rather questionable location(that’s not even the economic giant of the country)
To talk about something of high value(economic growth)
And the make the subject about spraying money?
Also, how does spraying or squeezing money even enter the conversation?
These so called people at the top are playing oh.

Lastly I believe CBN has become more of a micro finance bank these days thinking of opening an account soon.

I hope it is not a criminal act if rat eat part of the money

How can iya oloja's survive this

For real? Pls tell that to the bus conductors and agberos

.

in med schl I did expo on 50 naira with blue biro





. I defaced it with pleasure

CBN pls educate them well.

Okay

Lol.... Money wey Don deface economically....

Ok

Na ike of bbnaija he dey talk to cos na him say 200naira be like dirt

Tell that to market women and see if pepper water will not be poured on you.

Nonsense

Naira Wey Una Don Devalue Finnish?

Naira? Who regards that thing as a currency.. $100=N36,500

Lol!

As long as that same Naira makes me see shits before I get em I will still do Whatever I like with it. I might even smoke with it sef

But when last did CBN issue new note to banks?

that is if the naira has good value like the us dollars

Iamoriginalben:
For real? Pls tell that to the bus conductors and agberos

Hmmmmmmm, not entirely true, those guys arrange the notes more than some learned peeps sef. It's bikemen and keke napep riders that squeeze the note most

Mumu cbn when that money leaves ur bank u have no control over it u can only state laws that people shud not accept such money as legal tender anymore so people who want to spend their money must keep it in a proper or certain state.

Na today haboooooooooki don dey do that?

Muyiwaipere:
Lol.... Money wey Don deface economically....

no mind them

For not seeing a way to keep it away from us.

It's also criminal for Banks to issue us defaced Naira. They should warn banks as well

Na today?

Bunch of useless people , talking about irrelevant things
Person never see money put for pocket not to talk of defacing the poor thing

true talk

NOL2dworld:
How can iya oloja's survive this

Bus conductors are also in a big trouble.