25.2 C
Lagos
Monday, August 8, 2022

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

Must read

23-yr-old lady arrested for ste@ling a three-day-old baby after s#ffering a st%llbirth

A 23-year-old lady, identified as Itunu Adepoju, has been arrested by the police in Oyo State for allegedly ste@ling a three-day-old baby girl in...

South African police reveal how a Nigerian big boy tried to bribe them with millions of naira and a luxury car after they nabbed...

A 30-year-old Nigerian big boy, Roland Enuwese Esosa, has been arrested in Cape Town, South Africa, for allegedly defr@uding an elderly woman he met...

Photos: Tobi Amusan Breaks Record, Wins 100m Hurdle Gold

Nigerian athlete, Tobi Amusan, has won the 100m hurdles at the World Athletics Championships in Oregon, United States. Amusan, who obliterated the world record in...

Families Of Abuja-Kaduna Train Attack Victims Protest

Relatives of the kidnapped victims of the Abuja-Kaduna train attack are protesting at the Ministry of Transportation in Abuja. This is not the first time...

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

23-yr-old lady arrested for ste@ling a three-day-old baby after s#ffering a st%llbirth

A 23-year-old lady, identified as Itunu Adepoju, has been arrested by the police in Oyo State for allegedly ste@ling a three-day-old baby girl in...

South African police reveal how a Nigerian big boy tried to bribe them with millions of naira and a luxury car after they nabbed...

A 30-year-old Nigerian big boy, Roland Enuwese Esosa, has been arrested in Cape Town, South Africa, for allegedly defr@uding an elderly woman he met...

Photos: Tobi Amusan Breaks Record, Wins 100m Hurdle Gold

Nigerian athlete, Tobi Amusan, has won the 100m hurdles at the World Athletics Championships in Oregon, United States. Amusan, who obliterated the world record in...

Families Of Abuja-Kaduna Train Attack Victims Protest

Relatives of the kidnapped victims of the Abuja-Kaduna train attack are protesting at the Ministry of Transportation in Abuja. This is not the first time...

Police declares woman who allegedly set abl@ze her husband

Police declares woman who allegedly set abl@ze her husband in Ondo wanted, says her parents are also nowhere to be found The spokesperson of the...