How You Can Abuse The Naira – CBN

With the recent EFCC clamp down on Naira abusers, the Central  Bank of Nigeria CBN  has state ways the Naira can be abused without knowing. 

According to the CBN, it listed 8 ways the Naira can be abused:

1. SPRAYING:  It is against the law to spray the Naira  banknotes

2. WRITING: It is against the law to write on banknotes.

3. STAPLING: It is against the law to staple the banknotes, as the pin can cause corrosion on the banknotes.

4. TEARING: It is also against the law to tear the banknotes.

5. SOILING: It is against the law to           dance/stamp on the Naira banknotes. Do not stain the banknotes with oil or ink, as this is also a form of defacing.

6. SELL: It is against the law to sell currency banknotes.

7. MUTILATION: A person who tampers with Naira note or coin is guilty of an offense, punishable by law (CBN Act Section 21)

8: REJECTION: It is against the law to reject the Naira(Section 20 Subsection

See picture below