Spray naira notes and go to jail, CBN warn Nigerians


The Central Bank of Nigeria, CBN has again warned that anyone caught spraying Naira notes will be arrested and sent to jail.

The CBN condemned the rate at which Nigerians mutilate, deface, squeeze and even spray and sell the naira notes.

An Assistant Director at the Currency Operations Department, Aladeen Badajo said this during the commencement of the CBN two-day sensitisation fair held in Abeokuta, Ogun State on the 10th of June.

He pointed out that henceforth “abuse of the Nigerian currency attracts a penalty of not less than six months in jail or a fine of not less than N50,000 or both.”

The programme was meant to create awareness about the apex bank’s activities in relation to economic development initiatives.

Badejo urged every Nigerian to respect and consider the country’s currency a symbol of national identity.


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