The Central Bank of Nigeria Seriously Frowns At The Abuse Of Naira Notes At Events



The Central Bank of Nigeria, CBN has warned Nigerians against abusing the naira notes, especially at events.The apex bank said anyone caught abusing the currency will pay a fine of N50, 000 or risk six months in jail if convicted.This was disclosed on Friday by an official of the Currency Operation Department of the CBN in Abuja, Mr. Samuel Shuaibu.

Shuaibu during the commencement of a ‘CBN Fair’ to sensitize campaign for residents in the state on the appropriate use of the naira held in Calabar, Cross River State said offenders would henceforth be arrested and prosecuted.

According to him, the programme was aimed at sensitizing 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 bewailed the fact that Nigerians accord more respects to the American Dollar more than the naira, urging Nigerians to appreciate and value the naira because it serves as a symbol of national identity.

Lawrance Ezeudu

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