N50K fine, jail for spraying Naira at parties
News & Trends •
reported by the nation2 mobile courts are now to summarily try those bastardising the national currency the naira the bankers committee said on thursday1 the committee said those who spray naira notes at parties risk going to jail for six months or earning a fine of n50000 after trial by mobile courts that would be deployed nationwide1 cantral bank of nigeria cbn spokesman isaac okorafor said the police and the ministry of justice would be involved in the operation adding1 if a celebrant is dancing and you spray himher you may go to jail from the party venue because the law enforcement agents will be there waiting to arrest you1 it is the duty of law enforcement agencies to catch offenders and take them to court. our collaboration with the police will intensify as we move to implement the mobile court for offenders1 admonishing nigerians on how to use cash as gift okorafor said if you want to give put the money in an envelop and give it the celebrant. lets know that anybody hawking and writing on the naira will face six months in jail or n50000 or both1 managing director of first securities discount house fsdh merchant bank mrs. handa ambah said people selling naira notes would be punished1 she said we need to let them know that this is money. the fact that you cannot spray money at parties does not mean that you cannot put money in an envelope and pass it to the celebrants1