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    Home»News»CBN Lists Money Bouquet As Naira Abuse
    News

    CBN Lists Money Bouquet As Naira Abuse

    Bolanle Oduekun-AyoolaBy Bolanle Oduekun-AyoolaFebruary 10, 2023Updated:February 10, 2023No Comments1 Min Read
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    The Central Bank of Nigeria, on Friday, listed money bouquets as a form of naira abuse.

    The apex bank made this known in a flier shared on its Twitter handle that listed forms of abusing the naira.

    Alongside money bouquet, other forms of abuse listed by the CBN are spraying, selling, squeezing and defacing.

    Urging citizens to report the abuse of the naira, the CBN captioned the post, “It is your civic duty to protect the naira. Report naira abuse today.”

    It also provided toll-free hot-lines through which the apex bank could be reached to report such activities

    Section 21 (1) of the CBN Act reads that “A person who tampers with a coin or note issued by the Bank is guilty of an offence and shall on conviction be liable to imprisonment for a term not less than six months or to a fine not less than N50,000 or to both such fine and imprisonment.”

    Central Bank of Nigeria(CBN) Money Bouquet
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    Bolanle Oduekun-Ayoola

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