The apex bank compelled 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 opening of the CBN two-day sensitization fair held in Abeokuta.
The program was meant to create awareness about its activities about economic development initiatives.
In his declaration, Badejo urged the people to deem 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.”