'We, therefore, warn Nigerians, particularly those at social functions such as birthdays, weddings and funerals, to desist from disrespecting the Naira or risk being arrested by law enforcement agencies,' the bank said.
Thursday directed commercial banks to commence paying the newly redesigned naira notes to customers over the counter. However, only a maximum amount of N20,000 can be paid to each customer over the counter, the regulator said.
The bank also stated that the new mode of payment is subject to a maximum daily payout limit of N20,000. Government agencies and professional bodies have equally called on the CBN to ease the suffering of Nigerians.
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