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‘Spray naira notes and go to jail’ — CBN warns Nigerians

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The Central Bank of Nigeria says it is a crime to spray, sell or mutilate naira notes.

Speaking in Ibadan on Saturday, Priscilla Eleje, acting director, currency operations department at the apex bank, said the offence is punishable by six months imprisonment or N50,000 fine.

Eleje was represented at the public sensitization and enlightenment campaign on CBN direct intervention on lower denomination banknotes at Alesinloye market by Olufolake Ogundero, a deputy director at the bank.

“It is a criminal offence punishable by six months imprisonment or a fine of N50,000 or both to sell, spray or mutilate the banknotes,” she said.

“It is also a criminal offence which attracts five years imprisonment without an option of fine for anybody to counterfeit the naira. Naira is our pride as a country. So respect it.”

 

– The Cable

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About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298, 08056381068.

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