CBN cautions Nigerians against making money bouquet, calls it criminal offence

In light of the scarcity of the new naira notes, the Central Bank of Nigeria (CBN) has warned Nigerians against the abuse of the country’s currency.
In a tweet on Friday accompanied by a flier, the CBN listed money bouquet as a criminal offense in Nigeria.
This is coming barely a few days that the Independent Corrupt Practices and Other Related Offences Commission (ICPC) arrested an actress, Oluwadarasimi Omoseyin, for allegedly abusing the naira.
Ms Omoseyin, 31, was arrested after a viral video showing her spraying and stepping on the newly redesigned naira notes surfaced online.
However, the apex bank added that spraying, selling, squeezing, and defacing, is an abuse of the naira.
“It is your civic duty to protect the naira. Report naira abuse today,” the CBN said in the flier shared on its Twitter handle.
It, however, provided toll-free hotlines through which the CBN could be reached to report the abuse on the naira.
Last week, the Economic and Financial Crimes Commission (EFCC), said Ms Omoseyin’s offense contravenes Section 21 of the CBN Act, 2007.
Section 21 (1) of the Act says; “A person who tampers with a coin or note issued by the Bank is guilty of an offence and shall on conviction be liable to imprisonment for a term not less than six months or to a fine not less than N50,000 or both such fine and imprisonment.”
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Lagos
Lagos council chairman lauds community over voters’ awareness campaign
She said the committee’s efforts on registration, transfer, data correction and PVC validation support the administration’s drive to boost democratic participation in Ojokoro LCDA.

States
Uba Sani compensates residents over road projects
The governor inaugurated the distribution of cheques in Basawa, Sabon Gari Local Government Area, on Friday.

Lagos
Disengaged soldier arraigned for allegedly stealing motorcycle
The magistrate adjourned the case until August 13 for mention.

Agriculture
FG distributes 20,160 bags of fertilisers to Lagos farmers
The initiative is being implemented through the National Agricultural Development Fund (NADF) under the Federal Ministry of Agriculture and Food Security.

Heading 1
Oyo School Abduction: FG arraigns three suspects on terrorism charges
The defendants were charged with a 10-count charge of terrorism, kidnapping, concealment, incitement and illegal mining.






