Wednesday, August 1, 2018

Again, CBN Warns against Naira Mutilation



James Sowole in Akure
The Central Bank of Nigeria (CBN) has once more warned against mutilating the naira. It also warned that any person caught handling the nation’s currency badly would be jailed for five years or given an option of N50,000 fine.

The Assistant Director, Currency Operation Department of the CBN, Mr. Benedict Maduagwu, gave the warning in Akure, Ondo State, at the beginning of a sensitisation programme for the market men, women and youths.
Maduagwu, who was among the CBN officials that addressed the audience, said there was a need for citizens to develop a habit of properly handling the naira.
” Government uses tax payers’ money to print the naira notes so it is unfair for us to be rough-handling the notes. If you continue to spoil the naira notes, there will be no much money for the commercial banks to give out as loans to you customers and this will affect our economy. Do not squeeze the naira notes, do not write on the notes, naira notes put under the clothes because of bacterial infection to the body. Anybody selling naira

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