• Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Facebook X (Twitter) Instagram
Saturday, June 6
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram
Oriental News Nigeria
  • Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Oriental News Nigeria
Home»Banking & Finance»Money Market»Currency Mutilation: Offenders Risks Jail As CBN Introduces Mobile Courts
Money Market

Currency Mutilation: Offenders Risks Jail As CBN Introduces Mobile Courts

By Orientalnews StaffNovember 10, 2018Updated:November 10, 2018No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Yemisi Izuora 

As part of measures to preserve the local currency, the Central Bank of Nigeria planning introduction of mobile courts across the country to try people that mutilate or trade the Naira in parties or any place.

Mr Isaac Okoroafor who represented the Governor of CBN Mr. Godwin Emefiele at their special day yesterday during the ongoing International trade fair in Lagos, said CBN is working with the police and other security agencies like Nigeria Security and Civil Defence Corps (NSCDC) to arrest all that indulge in this act.

Stressing further he said that Judiciary is also working to set up mobile courts to give immediate judgement to any offender.

Speaking further Okoroafor said that “it is an offense for anybody to sell or squeeze the Naira, spray or dance on it in parties”, adding that some people have customized guns to spray the Naira, and that it is only in Nigeria that this act takes place.

He therefore advised that Nigerians should have respect for the Naira, keep it clean and avoid going to jail.

Share this:

  • Share
  • Click to email a link to a friend (Opens in new window) Email
  • Tweet
  • Click to share on Reddit (Opens in new window) Reddit
cover
Orientalnews Staff

Related Posts

Now That Banks’ Recapitalization Exercise Is Over

May 19, 2026

Moniepoint Reaffirms Leadership In Nigeria’s Banking Space 

April 23, 2026

CBN Confirms Significant Improvement In Nigeria’s Foreign Reserves

March 3, 2026

Leave A Reply Cancel Reply

The latest
  •   State Police Establishment In Nigeria To Be Actualized Soon- Presidency
  • State House Staff To Benefit From New Gratuity Scheme
  • Nigeria Customs Service Boosts International Trade Ties
  • NSML To Expand Maritime Training For Young Nigerians
  • 50 Women Trains In Renewable Energy Technologies In Kano
  • Dangote Refinery Expands Capacity To 700,000 Barrels Per Day
  • Sahara Group Advances Energy Access In Africa with $50,000 Asharami M.A.D Equation
  • JMG Renews Climate Action Commitment,
  •  Promasidor Nigeria To Sustain Investment In Dairy Value Chain
  • Chevron Expresses Commitment To Sustainable Environmental Development In Nigeria
Categories
Quick Links
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Copyright © 2026 Oriental News Nigeria. All right reserved.

Type above and press Enter to search. Press Esc to cancel.