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Saturday, 18 March 2017

Abuse of the naira note, CBN warns











Spraying of the naira, hawking and mutilating it are punishable under section 21, subsection 1-5 of the CBN Act of 2007. Centre Bank of Nigeria describes the abuse of the country's currency by market women, Okada riders, politicians and those hosting marriage ceremonies as crime and called on them to respect the legal tender.
The Central Bank of Nigeria CBN had warned that abusers of the nation’s currency notes risk six months imprisonment or a fine of N50,000.

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