CBN cracks down on hawking new naira notes to combat illicit cash flow In response to growing concerns over the illegal trading of new naira notes, the Central Bank of Nigeria (CBN) is implementing strict measures to safeguard the integrity of the currency and prevent illicit cash flows. As part of this effort, the bank announced a significant fine of N150 million for Deposit Money Banks (DMBs) found to be facilitating such activities. A formal circular issued on Friday, December 13, 2024, signed by Mohammed Olayemi, the Acting Director of the Currency...