In a recent development, the Central Bank Of Nigeria has classified “money bouquets” as a form of naira abuse, this was made known through a post they made on their twitter handle while listing other forms of Naira abuse such as spraying, squeezing, selling, and defacing banknotes and CBN urged citizens to protect the Naira notes and report any form of abuse.
According to the CBN Act, people caught abusing the Naira notes faces a minimum of six months in prison or a fine of at least ₦50,000, going further on social media, the Apex bank provided toll-free hot-lines through which they could be reached to report such activities.
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