The Central Bank of Nigeria (CBN) has again called on Nigerians to handle the Naira with care, restating that the N50,000 fine on abuse of the currency stands.
Daily Post reports that the Deputy Governor, Corporate Services Directorate, Mr Edward Adamu, spoke on Tuesday in Abuja at the CBN’s 2018 International Museum Day celebrations.
“The Naira as a symbol of our national pride should not be sprayed or step on, should not be squeezed, defaced or stained.
“The naira should not be sold or counterfeited.
“Be a role model by neatly arranging the Naira in pouches, wallets or envelopes,” he said.
Also, the Deputy Director, Currency Operations Department, Mr Vincent Wuranti, said the way and manner people handled the Naira affected its life span.
He explained that a lot of effort was put into the design and production of the nation’s currency, hence the need to respect it.
According to him, the different banknotes feature portraits of Nigerian heroes, agriculture, solid minerals and other things that illustrate the Nigerian culture and economy.
He reiterated that Section 21 of the CBN Act 2007 states that the abuse of Naira such as squeezing, staining, writing, spraying and illegal sales amongst others are punishable offences.
The act states that the offender must pay nothing less than N50,000 or face a jail term of six months or both.
Section 20 (4) of the CBN act 2007 provides penalty of not less than five years in jail for counterfeiting the Naira with no option of fine.
Governors, People Of South-South Demand Restructuring, Fiscal Federalism
ICAN M-Carthy Accreditation Team Pays Courtesy Visit On DELSU Management
Imo: Modular Refineries Will Make Petroleum Products Available, Eliminate Importation, Says Buhari
FG Shuns Religious Leaders, To Implement CAMA Law From January 1
BREAKING: Buhari Writes Senate, Seeks Yakubu’s Confirmation As INEC Chairman
JUST IN: Gombe State Assembly Impeaches Speaker
JUST IN: Despite Absence Of Lawyer, Defendant, Maina’s Trial Continues
Missing Itsekiri N300 Million: Ayiri Emami Heads To EFCC
Pastor Chris Oyakhilome Says ‘They Hate Trump Because He Supports Christians’
Delta Cleric Calls On James Ibori To Retire From Politics To Avert Disgrace, Says It’s A Prophecy, Not Advice (VIDEO)
IPOB: Oyigbo Resident Writes Open Letter To Gov Wike, Appeals For Review Of 24-Hour Curfew
VIDEO: Joe Biden Will Be Impeached As US President, Harris To Take Over, Says Apostle Suleman
See What Joe Biden Vows To Do To Muslims If He Becomes America’s President
US Election: Trump Will Not Win- TB Joshua
Crime16 hours ago
BREAKING: Gunmen Kidnap DELSU Lecturer’s Wife In Abraka
World News20 hours ago
BREAKING: President Trump Finally Allows Power Transition To Biden
News23 hours ago
Delta LGA Chair Imposes Curfew Over Communal Crisis
News18 hours ago
Timipre Sylva Says Nigerians Should Be Proud Of Fuel Imports From Niger Republic
News14 hours ago
#EndSARS: CNN Dares Buhari Govt, Releases Second Report On Lekki Shootings