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NEWS UPDATE: CBN to arrest, prosecute abusers of naira

NEWS UPDATE: CBN to arrest, prosecute abusers of naira

The Central Bank of Nigeria (CBN) has said it is teaming up with the Nigeria Police and other law authorization offices to capture and arraign anybody found manhandling the Naira.

Acting Director, Corporate Communications, CBN, Osita Nwanisobi, spread the word about this in an assertion on Tuesday.

He, in any case, cautioned Nigerians, especially those at social capacities, for example, birthday events, weddings and memorial services, to halt from affronting the Naira or hazard being captured by law requirement agencies.

“The consideration of the Central Bank of Nigeria (CBN) has again been attracted to the exercises of people, who blatantly misuse the lawful delicate by flinging wads of Naira notes noticeable all around and stepping on the cash at social functions.

“There have additionally been situations where individuals misuse the Naira, ruin it, peddle the money at gatherings and reject the cash in certain cases. It ought to be expressed that, as opposed to the act of these treacherous people, it is neither social nor moral for individuals to affront the cash which residents exchange in.

“For the evasion of uncertainty, Section 21(3) of the Central Bank of Nigeria Act 2007 (As altered) specifies that “showering of, moving or coordinating on the Naira or any note gave by the Bank during social events or in any case howsoever will establish misuse and damaging of the Naira or such note and will be culpable under the law by fines or detainment or both.

“Accordingly, the Central Bank of Nigeria (CBN) is teaming up with the Nigeria Police, Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) to address the traitorous practice.

“We, accordingly, caution Nigerians, especially those at social capacities, for example, birthday celebrations, weddings and burial services, to cease from slighting the Naira or hazard being captured by law implementation offices. The Naira is our legitimate delicate and image of public pride. Allow us to regard it and handle it with care,” the assertion said.





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