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The law doesn’t permit us to sanction those spraying Naira notes, our duty has nothing to do with law enforcement – CBN
The law doesn’t permit us to sanction those spraying Naira notes, our duty has nothing to do with law enforcement – CBN

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The Central Bank of Nigeria (CBN) has stated that the laws doesn’t permit them to go after those violating its currencies or financial rules.

 

CBN governor, Godwin Emefiele who was represented by Osita Nwanisobi, the acting Director of CBN’s Corporate Communications, at an interactive session with the organised labour in Calabar, Cross River state over weekend, warned the public against defacing, mishandling, and rough-treating of the Naira as the federal government spends much to print it.

 

According to Nwanisobi, the cost of printing the Naira is usually borne by the people in the long run. He said;

 

“CBN is not a law enforcement agency. But we completely frown at such an attitude where the national currency is not accorded its due respect as other nationals do their currencies.”

 

CBN’s five year financial policy for 2019 to 2024 was also announced at the event. According to Nwanisiobi, the five-year policy and programmes of the apex bank are people-centred.

 

He said;

 

“We have churned out an array of economic intervention programmes aimed at impacting the economic well-being of the people.

“We want Nigerians, including smallholder farmers, petty traders, entrepreneurs and industrialists to key-in to these programmes instead of staying aloof to doubt.

“We particularly encourage the return to agro-allied businesses instead of all depending on oil.”


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