BusinessNewsNigeriaPoliticsCBN criminalises selling of Naira notes

The Central Bank of Nigeria (CBN), says selling the naira notes constitutes an abuse of the nation’s legal tender.

The West African Pilot News reports that amid the ongoing cash scarcity, many Nigerians have resorted to selling the redesigned naira notes at an exorbitant amount.

In a tweet accompanied by a flier on Friday, the apex bank also listed other forms of naira abuse, including selling, money bouquets, and defacing.

The CBN urged Nigerians to report cases of naira abuse in the country, providing a toll-free hotline through which the reports could be made.

It is your civic duty to protect the Naira. Report Naira abuse today.#StopNairaAbuse #RespectTheNaira #BePatriotic pic.twitter.com/CN4SZuIEUT

— Central Bank of Nigeria (@cenbank) February 10, 2023

• About
• Latest Posts

By Ezinwanne Onwuka (Senior Reporter)

Ezinwanne Onwuka, senior staff reporter and columnist with WAP is a Nigerian-based writer and content developer. She holds a Bachelor of Arts degree in Philosophy from the prestigious University of Nigeria, Nsukka. Her interests include reading, writing, researching and graphic designing.

Latest posts by By Ezinwanne Onwuka (Senior Reporter) (see all)

• Tinubu Welcomes Egbetokun’s Resignation, Appoints Tunji Disu as Acting IGP - February 25, 2026
• Tinubu Welcomes Egbetokun’s Resignation, Appoints Tunji Disu as Acting IGP - February 25, 2026
• Paris Saint-Germain’s Achraf Hakimi to Stand Trial over Rape Allegation - February 25, 2026