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CBN: Spraying naira at parties now attracts 6 months jail or N50,000 fine
 
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Sat, 6 Oct 2018   ||   Nigeria,
 

The Central Bank of Nigeria (CBN) has announced that Nigerians who spray naira notes at parties risk going to jail for about six months or paying a N50,000 fine.

The bank through its Bankers’ Committee said mobile courts are to move around to summarily apprehend and put on trial, perpetrators of abuse of the naira.

The CBN spokesman, Isaac Okorafor, who said mobile courts would be deployed nationwide to enforce the law, confirmed that the police and officials of the Federal Ministry of Justice would be involved in the monitoring and enforcement of the law.

“If a celebrant is dancing and you spray him/her, you may go to jail from the party venue, because law enforcement agents will be there, waiting to arrest you,” Okorafor said in a statement.

He enjoined Nigerians who use cash as gift to their loved ones to ensure such monies are properly put in an envelope before giving to the celebrant.

Besides, he also warned all those that are in habit of mutilating or defacing the Naira notes by using them as writing pads would equally face six months jail term or N50,000, or both.

The Managing Director of First Securities Discount House (FSDH) Merchant Bank, Handa Ambah, said people caught selling Naira notes would also be punished.

 

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