News Africa

Spraying cash a form of currency abuse – Nigeria central bank lists others

They have announced that a team of experts are looking into the conduct of the National Democratic Congress (NDC) aspirant Juliana Kinnan Wassan during the May 13 primaries.

The last time the central bank issued a warning about abuse of the currency, it was via a caution against using banknotes as hampers.

The BoG official who spoke at the time cited the Currency Act, 1964 which addresses among others using the banknotes or coins for reasons aside what they are meant for.

In the case of Nigeria, however, the Central Bank of Nigeria, in February 2023 gave directives via social media as to which actions with the Naira constitutes abuse.

CBN listed as instances of abuse of the Naira; spraying, selling, squeezing, and defacing.

The apex bank, therefore, urged Nigerians to report persons abusing the Naira by calling its toll-free hotline 08000200200.

“It is your civic duty to protect the Naira. Report Naira abuse today.#StopNairaAbuse #RespectTheNaira #BePatriotic,” the apex bank tweeted.

 

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

Related Articles

Back to top button