How OWAMBE Can Lead You To Jail

How OWAMBE Can Lead You To Jail
How OWAMBE Can Lead You To Jail

 

Spraying during celebration in Nigeria is a common thing. But, with the recent Central Bank of Nigeria’s Clean Notes Policy aims at maintaining the quality of circulated banknotes, it has become an offense to indulge in such activities in any occasion.

Bobrisky’s imprisonment for abusing the naira highlights the seriousness of such actions.

There are some  actions involving the naira that could lead you to legal consequences, and subsequently lead you to jail.

Spraying: It’s illegal to spray banknotes at events.

Writing: Writing on banknotes is prohibited by law.

Stapling: Stapling banknotes is prohibited due to potential corrosion.

Tearing: Tearing banknotes is also illegal.

Dancing or stamping on naira: This is prohibited, as it can deface the notes.

Selling: Selling currency banknotes is illegal.

Mutilation: Tampering with naira notes violates the CBN Act Section 21.

Rejecting the naira: Refusing to accept the naira is strictly prohibited (Section 20, Subsection 5).

Money bouquets: Those was identified as a form of naira abuse by the CBN in February 2023.

It would be recalled that actress Oluwadarasimi Omoseyin was also convicted for defacing naira notes.

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