Abuse of the money, according to the apex bank, will result in a penalty of at least six months in prison or a fine.
The goal of the program was to raise public knowledge of the CBN's economic development programs.
Badejo asked Nigerians to think of the currency as a symbol of national identity.
He expressed concern about how Nigerians mutilate, deface, squeeze, spray, and sell naira notes, noting that “abuse of the currency attracts a penalty of not less than six months or a fine of not less than N50,000 or both,” and that “abuse of the currency attracts a penalty of not less than six months or a fine of not less than N50,000 or both.”
Osita Nwanisiobi, Acting Director, CBN Corporate Communications Department, said the program was vital to enable the bank to inform the public about its economic development activities and to explain the opportunities available and how every citizen could benefit.
Nwanisiobi went on to say that the CBN's policies and efforts were created to address weaknesses in some sectors and to help the country develop a robust and sustainable financial system.
Biodun Okunola of the CBN's Development Finance Department indicated that the bank had established several fundings aimed at boosting the economy with the goal of promoting small and medium-sized enterprises.
Content created and supplied by: Greatwriter01 (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More