Thursday, July 19, 2018

Spraying Naira Note Is Punishable For 6 Months Jail Term – CBN



   Spraying the Naira notes is a offence punishable by 6 months in jail.  Acting Director of the bank’s Currency Operations Department  of CBN, Priscilla Eleje, according  made this known in a public sensitization and enlightenment campaign in Ibadan on Saturday.

    It’s a crime punishable with either the jail term or a fine of ₦50,000 or both. It is a criminal offence punishable by six months imprisonment or a fine of N50,000 or both to sell, spray or mutilate the banknotes. It is also a criminal offence which attracts five years imprisonment without an option of fine for anybody to counterfeit the naira. Naira is our pride as a country. So respect it.




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