Section 21(3) of the Central Bank of Nigeria Act 2007 (As amended) stipulates that “spraying of, dancing or matching on the Naira or any note issued by the Bank during social occasions or otherwise howsoever shall constitute an abuse and defacing of the Naira or such note and shall be punishable under the law by fines or imprisonment or both.\”
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Also see the recent case of Economic and Financial Crimes Commission EFCC Vs Oluwadarasimi Omoseyin – where the learned Judge, Hon. Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, Nigeria, on Thursday, February 1, 2024, convicted and sentenced one Oluwadarasimi Omoseyin, an actress, to six months imprisonment for spraying and stepping on the new Naira notes at a social event in Lagos.
Ignorance of the Law, is not an Excuse.
Stay Warned.
Cc: EMAWODIA & ATTORNEYS
