Socialite ,Pascal Okechukwu popularly known as ”Cubana Chief Priest” has cautioned Nigerians against getting involved with the Economic and Financial Crimes Commission (EFCC), emphasizing that the consequences are not pleasant.
Cubana Chief Priest , the nightlife promoter was accused of abusing the Naira and has been in court to defend himself against the allegation on two occasions – April 17 and May 2. He was admitted to bail in the sum of N10 million with two sureties in like sum after pleading not guilty.
Another socialite, Bobrisky who was arraigned by the EFCC for abusing the Naira was not successful with his defense and got a Six month jail sentence.
According to the Central Bank of Nigeria, (CBN) some ways the Naira can be abused includes:
1. Spraying: It is against the law to spray the Naira banknotes at occasions.
2. Writing: It is against the law to write on banknotes.
3. Stapling: It is against the law to staple the banknotes as the pins can cause corrosion of the banknotes.
4. Tearing: It is also against the law to tear the banknotes
5. Soiling: It is against the law to dance/stamp on the Naira banknotes. Do not stain the banknotes with oil or ink, as this is also a form of defacing.
7. Mutilation: A person who tampers with the Naira note or coin is guilty of an offence, punishable by law (CBN Act Section 21).
8. Rejection: It is against the law to reject the Naira (Section 20 subsection 5).
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