CBN kicks off campaign against naira abuse in Kebbi

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From Kabir Dankatsina, Birnin Kebbi

The Central Bank of Nigeria (CBN) has kicked off
its campaign against abuse of all denominations of
the nation’s currency
with a warning that stiff
penalties including a fine of N50,000 or six months
in imprisonment or both could be imposed on
those found guilty of the offence in line with
Section 1 of the Banking Act.
Speaking yesterday at the opening of the campaign
held at Gwadangaji Mall Conference Hall in Birnin
Kebbi, campaign team leader, Alhaji Aliyu Katuka,
said the programme came at the right time after
the bank received complaints from different
sections of society at different forum on the
increase in the naira abuse particularly by traders
and underaged children.
He further stated that at the end of the sensitisation
forum, participants would go back home to
enlighten the general public on dangers of naira
abuse.
The participants, according to him, were drawn
from financial institutions, associations, clubs
members and traders, among others.
He implored the general public to give the CBN the
necessary cooperation and support to achieve its
set objectives.
Also speaking, Acting Branch Controller, CBN,
Birnin Kebbi, Usamatu A. Abdullahi, stressed the
need for the leadership of the bank to extend the
campaign to all states of the federation, if really it
is to achieve the purpose.

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