Naira Abuse, Mutilation And Production Of Counterfeit -By Abass Mohammed Oluwatosin Esq. – Opinion Nigeria
With the recent arrests and activities of the Economic and Financial Crimes Commission (EFCC), the awareness of spraying money as naira abuse at parties and social functions has been well established. However, there are other forms of naira abuses which are common practices across the country. By the provision of section 21(1), (2), (3) and section 20(5)of the CBN Act 2007, the following are offences punishable by 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.
Source: opinionnigeria.com