The Central Bank of Nigeria has reiterated that it is a crime to spray, sell or mutilate naira notes. Speaking in Ibadan at the weekend, the acting director of the currency operations department at the apex bank, Priscilla Eleje, said the offence is punishable by six months imprisonment or fifty thousand naira fine.
Eleje was represented at the public sensitization and enlightenment campaign on CBN direct intervention on lower denomination banknotes at Alesinloye market by Olufolake Ogundero, a deputy director at the bank.
The apex bank said it is also a criminal offence which attracts five years imprisonment without an option of fine for anybody to counterfeit the naira. While noting that the Naira is the nation’s pride as a country, the CBN calls on Nigerians to respect the notes.
In May, the apex bank had told bank customers to reject bad naira notes because commercial banks are sabotaging its effort in replacing mutilated notes with new ones.