Central Bank of Nigeria (CBN) spokesman Isaac Okorafor announced in a meeting in Lagos that the police and the Ministry of Justice would arrest any one who sprays money in a party.
“It is the duty of law enforcement agencies to catch offenders and take them to court. Our collaboration with the police will intensify as we move to implement the mobile court for offenders.”
He further gave directives on alternative ways to giving out cash gifts;
“If you want to give, put the money in an envelope, and give it the celebrant. Let’s know that anybody hawking and writing on the naira will face six months in jail or N50,000 or both.”
Furthermore, Managing Director of First Securities Discount House (FSDH) Merchant Bank Mrs. Handa Ambah said people selling naira notes would also be punished.
“We need to let them know that this is money. The fact that you cannot spray money at parties does not mean that you cannot put money in an envelope and pass it to the celebrants.”