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Spraying Money Can Send You To Jail – Says CBN
Today is a Saturday and many weddings are taking place and one of the highpoints of almost any wedding is the “couple’s dance”. This is when the newly weds entertain their friends and wellwishers with their dance steps and they are sprayed diverse denominations of notes of Naira, Dollars, Pounds, Yen and other currencies.
This has been a common practice in most weddings and in many other celebration-themed events. BE CAREFUL, this act can now send you to JAIL.
The Central Bank of Nigeria, which is the number one bank in Nigeria, through Priscilla Eleje, the acting director, currency operations department at the apex bank represented by Olufolake Ogundero, a deputy director, at the sensitization and enlightenment campaign on CBN direct intervention on lower denomination banknotes at the Alesinloye market stated it was a criminal offence punishable by law and warrants a six month imprisonment or a fine of N50,000 and in most cases, defaulters would be charged with both if they sell, spray or mutilate the notes.
“It is a criminal offence punishable by six months imprisonment or a fine of N50,000 or both to sell, spray or mutilate the banknotes,” she said.
“It is also a criminal offence which attracts five years imprisonment without an option of fine for anybody to counterfeit the naira. Naira is our pride as a country. So respect it.”
Next time you are tempted to spray either 10 Naira or 1 million dollars, ask yourself, “am i ready to go to jail?”
If your answer is yes, please spray.
If no, then be like me, put the money in an envelope and send to the celebrants or just transfer the money to their accounts.
On my wedding day, I may have to include my account number to the invitation cards and the programmes, so every gift in form of cash would be transferred into my account, before the wedding, on the wedding day while at the reception (if any) or after the wedding.
But, do you think it is a jail-worthy crime?