What CBN Told Traders About How To Treat The Naira
How do you treat the naira? Do you write on it, squeeze it, fold it into a cone, spray it at parties?
These are abuses that have left some of our naira notes unworthy of being a legal tender.
And that is what the Central Bank of Nigeria, CBN is campaigning against.
On Tuesday, the apex bank began a sensitisation programme for market men and women as well as youths in Ondo State on how to handle the currency.
The apex bank specifically warned the traders against poor handling of naira notes saying the law guiding the notes is still subsisting and violation of the laws would attract jail terms.
Addressing the gathering of bank customers, mostly market women in Akure, the Assistant Director, Currency Operation Department, CBN, Mr Benedict Maduagwu, said there is need for the citizens to develop good habits.
Maduagwu, who was among the CBN officials, reiterated that anybody caught mishandling naira notes would be jailed for five years with an option of 50,000 naira fine.
According to him, “government uses taxpayers’ money to print the naira notes; so, it is unfair for us to be handling poorly 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.”
He added: “Do not squeeze the naira notes, do not write on the notes and do not put the notes under clothes because of bacterial infection to the body.”
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