28.2 C
Lagos
Friday, March 24, 2023

CBN Bans Spraying Of Money In Parties Across Nigeria, Says Those Caught Spraying Naira Notes Will Be Arrested

Must read

CONCERNED ZAMFARA INDIGENES Demand the immediate resignation of Commissioner of Education, Mallam NASIR ZARUMI MASAMA

The life we live is characterized by sequential processes and each successive destination attained per-time is a function of one's destiny oriented partaken at...

Newborn ‘Fighting For Life’ After Dad Shoots Pregnant Mum Dead

A newborn is in critical condition after being born shortly before his due date after his mother was shot and killed by the baby’s...

Controversial Australian Cardinal, Pell, Dies 81

An Australian Cardinal and adviser to Pope Francis, Cardinal George Pell, has died aged 81. Pell died due to complications from hip surgery on Tuesday,...

CBN Cash Withdrawal Limit Begins Today

The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. The PUNCH reports that...

Those who “spray” naira notes at parties risk going to jail, the Bankers Committee warned yesterday.

Mobile courts are to try those bastardising the national currency, it said.

Issuing the warning after its meeting in Lagos, the Bankers Committee said the mobile courts would be deployed nationwide to try those mishandling the currency.

Cantral Bank of Nigeria (CBN) spokesman Isaac Okorafor said the police and the Ministry of Justice would be involved in the operation, adding: “If a celebrant is dancing and you spray him/her, you may go to jail from the party venue because the law enforcement agents will be there, waiting to arrest you. “It is the duty of law enforcement agencies to catch offenders and take them to court. Our collaboration with the police will intensify as we move to implement the mobile court for offenders.”

Admonishing Nigerians on how to use cash as gift, Okorafor said: “If you want to give, put the money in an envelop, and give it the celebrant. Let’s know that anybody hawking and writing on the naira will face six months in jail or N50,000 or both.”

Managing Director of First Securities Discount House (FSDH) Merchant Bank Mrs. Handa Ambah said people selling naira notes would be punished.

She said: “We need to let them know that this is money. The fact that you cannot spray money at parties does not mean that you cannot put money in an envelope and pass it to the celebrants.”

Source: Sahara Reporters

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Latest article

CONCERNED ZAMFARA INDIGENES Demand the immediate resignation of Commissioner of Education, Mallam NASIR ZARUMI MASAMA

The life we live is characterized by sequential processes and each successive destination attained per-time is a function of one's destiny oriented partaken at...

Newborn ‘Fighting For Life’ After Dad Shoots Pregnant Mum Dead

A newborn is in critical condition after being born shortly before his due date after his mother was shot and killed by the baby’s...

Controversial Australian Cardinal, Pell, Dies 81

An Australian Cardinal and adviser to Pope Francis, Cardinal George Pell, has died aged 81. Pell died due to complications from hip surgery on Tuesday,...

CBN Cash Withdrawal Limit Begins Today

The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. The PUNCH reports that...

College of Health Technology Student Arrested For Hacking Cousin To Death In Adamawa

The Adamawa State Police Command has arrested a student of the College of Health Technology Mubi, Adamawa state, Komi Yusuf, for matcheting his cousin...