The CBN in a post shared on its official Twitter handle on Friday, February 10th, made this disclosure and highlights five other ways the new naira notes can be abused.
CBN reveals plan to deal with abusers of new naira notes. In the tweet sighted by Tontrends, the CBN list the forms of naira abuse as;
1) Spraying
2) Selling
3) Money Bouquet
4) Squeezing and
5)Defacing of the naira notes.
CBN tasks Nigerians The Apex bank urged the citizens to report cases of naira abuse in the country with the post which reads, “It is your civic duty to protect the Naira. Report Naira abuse today.” #StopNairaAbuse #RespectTheNaira #BePatriotic
The bank also put toll-free hotlines for Nigerians to reach their agents and call to report such activities. Punishment for those who abuse the naira notes.
According to the Central Bank of Nigeria, anyone that abuses the naira will be punished under the law in different ways.
1) First, the person will be fined
2) Secondly, the abuser of the naira might be jailed
3)Thirdly, the person might be fined and imprisoned at the same time
Agencies that partner with CBN to deal with offenders of the new naira notes
It is your civic duty to protect the Naira. Report Naira abuse today.#StopNairaAbuse #RespectTheNaira #BePatriotic pic.twitter.com/CN4SZuIEUT
— Central Bank of Nigeria (@cenbank) February 10, 2023