CBN warns against abuse of naira notes
-says stepping on naira note remains outlawed
Chima Azubuike, Gombe
Central Bank of Nigeria (CBN), has frowned at the continued abuse of currency note by the general public, especially during weddings, occasions.
Speaking on Monday, in Gombe at a Fair with the theme ‘Promoting Financial Stability and Economic Development’, Principal Manager, Currency Operation department Ngozi Etim, said the order warning people about matching money subsists.
The CBN Fair is a harmonized sensitization on all CBN initiatives which includes Real Sector Financing and Intervention, Payment System Initiatives, Consumer Protection Clean Naira Note Policy, Financial Inclusion, Consumer Rights etc, held simultaneously in Bauchi and Gombe states.
Etim noted that envelope remains the best and acceptable means of extending goodwill at events and not by deliberately attempting to discredit the Nigerian currency by spraying and eventually stepping on it.
She revealed that the current CBN Act permits the National banker to arrest violators of such a action, cautioning that the proper handling would ensure the durability of the notes.
She said, “These are the authorities that we have in the CBN Act to arrest and prosecute any body caught. Some times you go for occasion you see people selling new shiny notes.
“Money should not be squeezed but should be put into the envelope, oil should not be allowed to touch the money, keep it neat like your clothes, you don’t dirty your clothes and you don’t keep your clothes on the ground. So there is need to keep our money well. Don’t match our money, so that it can stay long. Naira is our symbol of identity. Report to law enforcement authorities.”
