Connect with us

Banking and Saving

‘Spray’ Money At Parties And Risk Jail Term – CBN

Valentine Chinyem

Published

on

The Central Bank of Nigeria (CBN) has issued a warning to individuals, who are of the habit of “spraying” money at events and ceremomies, to desist from doing so or risk being arrested on the spot.

Isaac Okorafor, CBN spokesman, made this known on Thursday,  after a meeting of the Bankers Committee in Lagos.

He noted that mobile courts would be set up at various locations to try those caught in the act.

Further more added that, there would be collaboration with the Nigeria Police Force and the Ministry of Justice to address the issue.

His words: “If a celebrant is dancing and you spray him/her, you may go to jail from the party venue because the law enforcement agents will be there, waiting to arrest you.

“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 offenders.

“If you want to give, put the money in an envelop, and give it the celebrant. Let’s know that anybody hawking and writing on the naira will face six months in jail or N50,000 or both.”