Wahala Be Like Bicycle: CBN Reveals Punishment for Spraying Naira Notes

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    Shey wahala no be like bicycle bayi as the Central Bank of Nigeria disclosed the punishment for spraying Naira notes.

    The Central Bank of Nigeria (CBN) has condemned the rate at which Nigerians mutilate, deface, squeeze, sell and even spray the Naira notes.

    This was, however, announced by Aladeen Badajo, an Assistant Director at the Currency Operations Department on Thursday during the commencement of the CBN two-day sensitisation fair held in Abeokuta.

    The programme was meant to create awareness about its activities in relation to economic development initiatives.

    Albeit, the apex bank threatened that abuse of the currency attracts a penalty of not less than six months or a fine of not less than N50,000 or both.

    Nigeria currency: Naira Note

    He said: “Abuse of the currency attracts a penalty of not less than six months or a fine of not less than N50,000 or both.”

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    Speaking further inn his presentation, he urged the people to consider Nigeria’s currency as a symbol of national identity.

    He, therefore, stresses the need to handle the banknotes with care and dignity expressed concern over the huge amount being spent on reprinting them.

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