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
- Nnamdi Kanu Files Appeal Against Life Imprisonment - February 5, 2026
- Massacre in Kwara: 75 Villagers Buried as Tinubu Orders Troop Deployment to Kaiama - February 5, 2026
- Senate, Reps to Work Out Differences on Electronic Transmission of Election Results - February 5, 2026