The Central Bank of Nigeria (CBN) has once again called on Nigerians to handle the Naira with care, as it was a symbol of the nation’s identity and pride.
The Deputy Governor, Corporate Services Directorate, Mr Edward Adamu, reiterated this on Tuesday in Abuja at CBN’s 2018 International Museum Day celebrations.
He said the CBN housed the Currency Museum, which explained the evolution of money in Nigeria from the pre-colonial era to the contemporary times.
He said the CBN hoped that through the activities of the Currency Museum, members of the public would be better educated on how to properly handle the naira and other related matters.
“The Naira as a symbol of our national pride should not be sprayed or step on, should not be squeezed, defaced or stained.
“The naira should not be sold or counterfeited.
“Be a role model by neatly arranging the Naira in pouches, wallets or envelopes, he said.
Also, the Deputy Director, Currency Operations Department, Mr Vincent Wuranti, said the way and manner people handled the Naira affected its life span.
He explained that a lot of effort was put into the design and production of the nation’s currency, hence the need to respect it.
According to him, the different banknotes feature portraits of Nigerian heroes, agriculture, solid minerals and other things that illustrate the Nigerian culture and economy.
NAN reports that Section 21 of the CBN Act 2007 states that the abuse of Naira such as squeezing, staining, writing, spraying and illegal sales amongst others are punishable offences.
The act states that the offender must pay nothing less than N50, 000 or face a jail term of six months or both.
Section 20 (4) of the CBN act 2007 provides penalty of not less than five years in jail for counterfeiting the Naira with no option of fine. (NAN)
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: email@example.com
OPINION6 hours ago
Defections: The Dilemma Of Yakubu Dogara
NEWS6 hours ago
Will Minimum Wage C’ttee Address Salary Disparity In Public Service?
NEWS18 hours ago
Sowore, Others Launch New Political Party
COVER STORIES9 hours ago
Anxiety As US Suspends Consular Services In Abuja
BUSINESS6 hours ago
Glo Oga SIM Gives Subscribers 125 Percent Data Bonus
SPORTS6 hours ago
France 2018: Falconets Set To Battle Spain For Semifinal Ticket
COLUMNS7 hours ago
A Disaster Foretold
BUSINESS24 hours ago
MTN Nigeria, 12 Banks Sign N200bn Syndicated Loan For Network Expansion