Connect with us

Asonaija

You’ll Go To Jail If You Are Caught Spraying Naira Notes In Parties – CBN Tell Nigerians

BUSINESS

You’ll Go To Jail If You Are Caught Spraying Naira Notes In Parties – CBN Tell Nigerians

The Central Bank of Nigeria has berated the act of Nigerians spraying money in clubs and parties. It says Nigerians squeeze and even sprays and sells the naira notes, aso Naija reports.

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.

READ ALSO: World Bank – Nigeria Is Among Top Three Countries With Bad Electricity

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.”

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in BUSINESS

To Top