Government Moves To Curb Abuse Of Naira

NOA

A nationwide sensitization campaign to curb the abuse of the Naira will be embarked on by the Nigerian Government.

Abubakar Danchadi, a director with the National Orientation Agency (NOA) told reporters in Sokoto state that the organisation is partnering with the Central Bank of Nigeria (CBN) to carry out the campaign.

He said the nation’s currencies are grossly abused in countless of extremely unpleasant ways.

These include mutilating them and spraying them during ceremonies, thereby marching on them,” the director added.

“These also include putting them in parts of the body where they are not supposed to be kept,” he said.

Danchadi told reporters that the Naira should be patriotically respected by both Nigerians and non-Nigerians alike.

The nation’s currencies are part of our national symbols,” he added.

He said the joint campaign by NOA and the apex bank was therefore to urgently reverse the ugly trend.

CBN had warned that abusers of the Naira notes risk six months imprisonment or a fine of N50,000.

The bank described the abuse of the Naira as criminal, and stressed that offenders would be arrested and prosecuted.

Spraying of the naira, hawking and mutilating it are punishable under section 21, subsection 1-5 of the CBN Act of 2007.

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