Spray naira notes and go to jail- CBN tells Nigerians

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Spray naira notes and go to jail- CBN tells Nigerians

Worried by the rate at which Nigerians ‘mutilate, deface, squeeze and even spray and sell’ the naira notes during memorable occasions such as weddings and funerals, the Central Bank of Nigeria CBN has again warned that anyone caught doing such act will be arrested and sent to jail.

 

An Assistant Director at the Currency Operations Department, Aladeen Badajo said this during the commencement of the CBN two-day sensitisation fair held in Abeokuta, Ogun state today June 10. He pointed out that 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.”

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“Abuse of the currency attracts a penalty of not less than six months or a fine of not less than N50,000 or both.”Badejo reiterated at the event

 

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Bozz Eflex NG is a student of the Taraba State University. He's a unique user of the pen when it comes to the expression of whatever is entertaining and educative. A young man full of optimism & amusement and a passionate advocate of prayer, hard work & persistence as a formula for success. He is the Site Developer-in-chief of the organization and also a writer of news, articles, editorials and a lot more to help expand the level of knowledge of the readers and simultaneously have them entertained. A lover of music and football is who he is and a Software Developer.

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