Nigerian crossdresser Bobrisky recently drew public attention to the existence of the naira note law whose violation could land erring individuals in jail for abuse of the Nigerian currency.
Nigerian crossdresser Bobrisky recently drew public attention to the existence of the Clean Note Policy, a legal document, whose violation could land erring individuals in jail for abuse of the naira note. The Economic and Financial Crimes Commission arraigned Bobrisky in court, where he faces four charges related to the mutilation of N490,000 worth…
The concept of the Clean Note Policy, according to CBN, requires that the production, issuance of new banknotes and recirculation by the DMBs and CPCs conform to the predetermined standards of Naira banknotes in circulation in good condition to allow for processing and free acceptability by the general public.
Abusing naira notes erodes the sense of pride and confidence that Nigerians should feel in their currency, the CBN said.“Prevalence of dirty banknotes in circulation is a potential health hazard to the citizenry.” Like many Nigerians, Bobrisky said he was unaware that spraying, stepping on naira notes , or mishandling it could be a gateway to being behind bars.The Clean Note Policy was instituted by the Central Bank of Nigeria in 2007 to improve the physical appearance and lifespan of the banknotes in circulation.
Section 21 of the CBN Act, states that “A person who tampers with a coin or note issued by the bank is guilty of an offence and shall, on conviction, be liable to imprisonment for a term not less than six months or to a fine not less than N50,000 or to both such fine and imprisonment.”The following are considered extreme and abusive handlings of the naira note: Any of these could land violators in jail.
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