The Central Bank of Nigeria on Monday attributed the proliferation of dirty and mutilated Naira notes in circulation to poor and improper handling.
The bank made this known at a two-day sensitisation of Nigerians to their rights with commercial banks, noting that many Nigerians find it difficult to access loans from commercial banks because they cannot distinguish between working and fixed capital.
Director, Corporate Communications Department of CBN, Isaac Okoroafor, spoke in Ilorin, Kwara State capital at a two-day fair organised by the bank.The audience include market women, operators of small and medium scale enterprises, farmers and artisans. Represented by Samuel Okegbue, Assistant Director in the department and National Coordinator of the fair, Okoroafor said that CBN had returned billions of Naira to customers from illegal deductions made by commercial banks from their deposits in the banks.
He warned the people against mutilating the Naira in their businesses and advised them against spraying it during ceremonies such as wedding, naming, house warming, and so on, so as not to go afoul of the law.
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