The Central Bank of Nigeria CBN has again warned that anyone caught spraying Naira notes will be arrested and sent to jail.
This directive is a bid by the apex bank to curb the rate at which Nigerians ‘mutilate, deface, squeeze and even spray and sell’ the naira notes during memorable occasions such as weddings and funerals
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.”
“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.