Economy

CBN to Nigerians: Spraying of Naira notes at parties will lead you to jail

The Central Bank of Nigeria, CBN, has warned against the act of spraying the Naira notes in the public.

The CBN spokesman, Isaac Okorafor, who said this on Thursday in a statement.

Acccording to him, defaulters would be jailed for not less than six months and would be given the option of a N50,000 fine.

He added that the CBN has concluded the decision to establish mobile courts to prosecute those abusing the Naira notes.

He said that the  police operatives would be involved in monitoring the Naira users and ensure that the order is enforced across the nation.

“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.

“The law enforcement agencies must catch offenders and take them to court. Our (CBN) collaboration with the police will intensify as we move to implement the mobile court for offenders,” Mr Okorafor said in a statement on Thursday.

He urged Nigerians to ensure that monies being gifted to their loved ones either in an event or not are properly enveloped to avoid abusing the note.

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