Money Bouquet Is Naira Abuse, CBN Warns Nigerians

The Central Bank of Nigeria (CBN) has warned Nigerians against making money bouquets, noting that is it an abuse of the country’s currency.

In a tweet on its official handle late Friday, the apex bank called on Nigerians to report such abuse of the naira.

“It is your civic duty to protect the Naira,” the tweet added.

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It also listed spraying, selling, squeezing, and defacing as other forms of currency abuse.

This is coming days after the CBN issued a similar warning, saying it would start the prosecution of naira abusers.

In a statement, the CBN said it is working with security and regulatory agencies to enforce the move.

It quoted Section 21 (3) of the CBN act 2007 (as amended) as saying that “spraying of, dancing or matching on the naira or any note issued by the bank during social occasions or otherwise howsoever shall constitute an abuse and defacing of the naira or such note and shall be punishable under the law by fines or imprisonment or both”.

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