The Central Bank of Nigeria (CBN), has reiterated its warning that anyone caught spraying Naira notes will be prosecuted.
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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 birthday parties.
An Assistant Director at CBN Currency Operations Department, Aladeen Badejo made this known during the commencement of the CBN two-day sensitisation fair held in Abeokuta, Ogun state on Thursday, June 10.
“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 said at the event
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