The Central
Bank of Nigeria on Friday warned Nigerians against abusing the naira notes.
The apex bank
said that anyone caught abusing the naira would be prosecuted and if convicted
the person risked six months in jail fine of N50, 000.
An official
of the Currency Operation Department of the CBN in Abuja, Mr. Samuel Shuaibu,
disclosed this in Calabar, Cross River State, during the commencement of a ‘CBN
Fair’ to sensitise campaign for residents in the state on the appropriate use
of the naira.
The fair had
the theme: Promoting Financial Stability and Economic Development.
Shuaibu said
that the abuse of the naira was not in line with the CBN’s policy, adding that
offenders would henceforth be arrested and prosecuted.
According to
him, the awareness programme was aimed at sensitising the public on the need to
accord respect to naira, online transfer system, how to identify fake currency
notes, how to approach the CBN for complaints amongst others.
He lamented
the fact that Nigerians accord more respects to the American Dollar more than
the naira, saying that Nigerians ought to appreciate and value the naira
because it serves as a symbol of national identity.
Shuaibu said,
“The naira
has suffered abuse from a majority of Nigerians. Today, we find some people
spraying the naira in occasions, soiling it, writing on it, squeezing it while
others are hawking it.
“The CBN
spent a lot of money in the printing of this naira notes. We urge Nigerians to
respect the naira and value it. Anyone caught abusing the naira will risk a
jail term of six months or pay a fine of N50, 000.”
He urged
Nigerians to desist from home banking, adding that such money could be gutted
by fire outbreak or carted away by criminals.

Arrest the whole naija they al spray money
ReplyDeleteArrest the whole naija they al spray money
ReplyDelete