— especially new notes — by some individuals.
The CBN Governor, Mr. Godwin Emefiele, who raised the alarm, warned that henceforth, anyone caught abusing the naira is liable to six-month imprisonment or a fine of N50,000 or both upon conviction, in accordance with the Bank’s Act of 2007.
Insisting that the naira should be accorded equal respect and dignity with the national flag, the CBN governor explained that the nation spends more than N100 to mint a single N100 note.
GUYS, WHAT DO YOU THINK?
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GUYS, WHAT DO YOU THINK?
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View previous comments…Endy Edeson
@Aunty Sola & Opeyemi: Talks from our leaders is CHEAP but we shouldnt violate the rules because the policy hasnt been well implemented in the past
Endy Edeson
@Andre: Well, it is also causing issue of high dirty naira notes which lots of people are rejecting in market places
Olatunji Lawal Gbolahan
Some Nigerians just choose to be naive, ignorance. This won't happen abroad especially America we're I stay
Endy Edeson
@Lawal: What the CBN is doing is to re-orientate our minds on how the western world handle currency notes, unlike the we way we do here
Oghene Ochuko
Those who don't spray during parties will be so happy,the show off will stop if this is implemented, but then this is Nigeria
Anuforo Osinachi James
They should sack the CBN governor. Why would someone venture into a business where your capital is more than your gain, like more than your gain. Why spend more than 100 naira just to produce a single 100? When your production is much... Abeg.
In Nigeria, what we need and who will need is common sense, people with common sense. Book has not just failed us but disgraced us.
In Nigeria, what we need and who will need is common sense, people with common sense. Book has not just failed us but disgraced us.