Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,194,005 members, 7,953,005 topics. Date: Thursday, 19 September 2024 at 09:01 AM

Naira Abuse: CBN To Try Offenders In Mobile Court - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Abuse: CBN To Try Offenders In Mobile Court (264 Views)

CBN Lists 5 Forms Of Naira Abuse: Money Bouquet, Spraying, Selling, Squeezing / Senate Asks CBN To Suspend ATM Card Maintenance Charges / CBN To Unveil Naira-Yuan Swap Deal Operational Framework Next Week (2) (3) (4)

(1) (Reply)

Naira Abuse: CBN To Try Offenders In Mobile Court by Maol(m): 8:05am On Oct 05, 2018
Bankers in the country have expressed their readiness to enforce the law against the abuse of naira notes by setting up mobile courts to punish violators of the currency.

They said this during a press briefing after the Bankers’ Committee meeting in Lagos on Thursday.

The bankers said they also resolved at the meeting that the discretionary bank reserves built up over time should be channelled towards agriculture and the manufacturing sectors in an impactful manner.

By this, they explained that local food sufficiency would be enhanced and pressure on the country’s foreign reserves would be reduced.

Speaking further on the currency abuse, the Director, Corporate Communications Department, Central Bank of Nigeria, Mr Isaac Okorafor, said that anyone found squeezing, hawking, spraying or trampling on naira notes at any ceremony would be arrested and tried at the mobile courts.

Source and more:
Naira abuse: CBN to try offenders in mobile court http://www.sanwomi.com/2018/10/naira-abuse-cbn-to-try-offenders-in.html

(1) (Reply)

Fast Sale, Slick Used HP 3GB RAM! 20k / This Is My Story... / Consultant For IT Companies On Transportation Platform

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 5
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.