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Following the Friday detention of Idris Olarewaju Okuneye, commonly known as Bobrisky, for naira abuse, there is a list of nine naira-related activities that may result in legal penalties.
The Central Bank of Nigeria introduced the Clean Notes Policy to improve the visual appeal and durability of banknotes in circulation, according to the central bank’s official website.
According to the CBN, the goal is to ensure that the naira banknotes in circulation maintain a high level of quality, allowing them to be readily processed and accepted by the people.
The following are the ways you may abuse the naira:
- Spraying: It is illegal to spray banknotes at events.
Writing: Writing on banknotes is prohibited by law.
Stapling: Stapling banknotes is prohibited by law due to the potential for corrosion caused by the pins.
Tearing: Tearing banknotes is also illegal.
Dancing or stamping on naira: Dancing or stamping on naira banknotes is prohibited by law. Getting oil or ink on the banknotes can be considered a form of defacing.
Selling: Selling currency banknotes is illegal.
Mutilation: Anyone caught tampering with the naira note will face legal consequences, as stated in the CBN Act Section 21.
Rejecting the naira: Rejecting the naira is strictly prohibited by law (Section 20, Subsection 5).
Money bouquets: In February 2023, the CBN also identified money bouquets as a type of naira abuse.
cc: Punch Ng
