Spray naira notes and go to jail, CBN tells Nigerians

The 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 of not less than six months or a fine of not less than N50,000 or both.”

An Assistant Director at the Currency Operations Department, Aladeen Badajo said this on Thursday during the commencement of the 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 the huge amount being spent on reprinting them.

He said, “Abuse of the currency attracts a penalty of not less than six months or a fine of not less than N50,000 or both.”

The 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 to acquaint the public with its economic development initiatives and to explain the opportunities available and how every citizen could take advantage of them.

-Punch

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.

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