Central Bank of Nigeria has condemned the rate at which Nigerians mutilate, deface, squeeze and even spray and sell the naira notes. The apex bank threatened that “abuse of the currency attracts a penalty not less than 6 months or a fine not less than N50,000 or both.”

Assistant Director at the Currency Operations Dept, Aladeen Badajo said this Thursday during commencement of CBN two-day sensitisation fair held in Abeokuta. The programme was meant to create awareness about its activities in relation to economic development initiatives.

In his presentation, Badejo urged the people to consider Nigeria’s currency as a symbol of national identity. Badejo who stressed the need to handle the banknotes with care and dignity expressed concern over huge amounts being spent reprinting them. He said, “Abuse of the currency attracts a penalty of not less than 6 months or a fine of not less than N50,000 or both.”

Acting Director, Corporate Communications Department, CBN, Osita Nwanisiobi said the bank attached great importance to sensitisation programmes. Nwanisiobi said the programme had become necessary to enable the bank acquaint the public with its economic development initiatives and to explain opportunities available and how every citizen could take advantage of them.

He added that the programme would also help to receive feedback from the public for consideration in development of other policies. The Director explained that the programme was in tune with the vision of the CBN Governor, which according to him is to operate a people’s Centred Bank

Nwanisiobi further explained CBN’s policies and initiatives were designed to address observed failures in some sectors and with a view to building a strong and sustainable financial system. He, therefore, urged members of the public not only to acquire info about the programmes but also take advantage of them.

The Development Finance Department of the CBN, Biodun Okunola explained that the bank had opened various fundings designed to boost the economy with the target to promote small and medium scale businesses.

https://punchng.com/spray-naira-notes-and-go-to-jail-cbn-tells-nigerians/

Na today?

Rubbish

Old threat!



This threat is older than Buhari's blokus.

I will spree come and arrest me, bunch of fools,shey na Nigeria problem be that

Okay, don't worry I will be packaging my monetary gifts in envelopes henceforth. Well noted!

They should start with malami first. He was caught on camera spraying at his son's wedding having flouted the COVID-19 guidelines join. The video was everywhere on the internet.

If they can't prosecute him then they should stop making empty threats up and down

Sakamaje
Awon oni yeye





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No problem. I will change to Ghana Cedis and Spray.

Or am I in trouble too?

It's an old law, yet it does not get enforced at all....

Hmmmm

If I may ask What was the first Terró attack of IPOB before they tag #IPOB #Terroist organization in 2017.. please if any one should answer this question then I will quit the struggle and watch from behind..I am waiting for ur answers

E don tey wey we don ddy hear dis nah.

We hope they take it serious this time around.

A cleaner and better Nigeria is all we want.

God bless Nigeria.

Lori iro....

money wey no even get worth them still dey meskafon..

Oboi, I am looking carefully to see all the Governors go to jail after attending all those ceremonies

BlueRayDick:
They should start with malami first. He was caught in camera spraying at his son's wedding having flouted the COVID-19 guidelines join. The video was everywhere on the internet.

If they can't prosecute him then they should stop making empty threats up and down

Learn how to come out bold and call a spade a spade.
Stop tribalizing a crime.
This is the nonsense most of you so called leaders of tomorrow are good at.
Why can't they start from the people around your vicinity that you see everyday rather than a particular person.
So if the Malami you mentioned is not prosecuted, no other person should be prosecuted aight?
Usual Nonsensical childish rubbish!

Is this how you want your country to move forward when TRIBALISM and RELIGIOUS shenanigans has eaten deep into all of you like Ants.
The earlier you stop this nonsense, the better for your future and the future of your unborn kids.

"Na our uncle, na our uncle make una allow am thief"
Make una first go catch other thieves dem dem.
What a way to live life!
Shame on you and your tribalistic type!

We will continue to hit all of una heads with the truth.
Truth is not bitter, just that people are bitter to the truth.

What of dollar?

Ndị ara!

Useless talk we have been hearing since colonial days

Akuko Pa Mike Ejeagha....everyday new tori

Let's see what the igbos will do about it

Toh

Una dey mad.

Is it your money. Money that i worked for, cbn now want to tell me how to spend it.

Ontop naira wey no even get value.

God punish una.

Naira wey no get value again

Law is for the masses and not the elites

Na today

Ok