Despite Clampdown, Mint Naira Notes Sale, Spraying At Parties Persist

Despite Clampdown, Mint Naira Notes Sale, Spraying At Parties Persist …C0NTINUE READING HERE >>>

Despite clampdown and ban on selling and spraying of Naira notes, groups and persons are still abusing the law aimed at bringing sanctity to the use of Naira, the national fiscal identity, LEADERSHIP investigation revealed.

According to the law, “spraying of, dancing or [marching] on the naira or any note issued by the Bank during social occasions or otherwise howsoever shall constitute an abuse. The punishment is no less than six months in prison or a N50,000 fine ($36; £29), or both.”

At a church function in Ikorodu, Lagos, our correspondent observed parishioners gyrating to the…

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