The Central Bank of Nigeria (CBN) has warned Nigerians to stop mutilating, defacing, squeezing, and particularly spraying and selling the naira notes.
The apex financial institution has condemned the excessive fee at which Nigerians treat their forex.
Per CBN the “abuse of the forex attracts a penalty of not lower than six months or a comely of not lower than N50,000 or both.”
Aladeen Badajo, assistants to the Division of Forex Operations, acknowledged this on Thursday on the starting set of the 2-day CBN awareness magnificent in Abeokuta.
Badejo entreated the public to treat the forex of Nigeria as a symbol of their national identity.
Badejo, who underlined the need for the cautious and dignified dealing with of the banknotes, voiced discipline over the with out a doubt intensive sum spent on repression.
He acknowledged, “Abuse of the forex attracts a penalty of not lower than six months or a comely of not lower than N50,000 or both.”
In a newest model, the Central Bank of Nigeria disclosed that Nigeria can’t stop borrowing particularly when it is miles important.
On Friday, the CBN Governor, Mr Godwin Emefiele disclosed this model in Abuja on the National Dialogue on Nigeria’s rising debt profile themed: “The Rising Public Debt in Nigeria and the Challenges of National Pattern”. This was as soon as organized by the Motion Succor Nigeria (AAN).
Per the CBN Governor who was as soon as represented by Dr Tawose Joseph, the Assistant Director, Monetary Policy Division, CBN acknowledged debt is by no intention a crime or a sin on the opposite hand it is miles portion of a fiscal accountability.
He added that there the money borrowed must monitored and evaluated cautious and its cause taken into consideration.