{"id":70902,"date":"2019-12-12T18:57:12","date_gmt":"2019-12-12T17:57:12","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=70902"},"modified":"2019-12-12T18:57:12","modified_gmt":"2019-12-12T17:57:12","slug":"pay-n50000-or-be-jailed-if-you-spray-money-at-events-in-nigeria-cbn","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/pay-n50000-or-be-jailed-if-you-spray-money-at-events-in-nigeria-cbn\/","title":{"rendered":"Pay N50,000 Or Be Jailed If You Spray Money At Events In Nigeria &#8211; CBN"},"content":{"rendered":"<div>\n<div>The CBN has banned spraying of money In parties across Nigeria, saying those caught are liable to be jailed or pay N50,000 fine.*<\/div>\n<\/div>\n<div><\/div>\n<div>A new directive from CBN says mobile courts are now to summarily try those bastardising the national currency, The Naira.<\/div>\n<div><\/div>\n<div>&#8220;Those who \u201cspray\u201d naira notes at parties risk going to jail for six months or earning a fine of N50,000 after trial by mobile courts that would be deployed nationwide.<\/div>\n<div><\/div>\n<div>Central Bank of Nigeria (CBN) spokesman Isaac Okorafor said the police and the Ministry of Justice would be involved in the operation, adding:<\/div>\n<div><\/div>\n<div>\u201cIf a celebrant is dancing and you spray him\/her, you may go to jail from the party venue because the law enforcement agents will be there, waiting to arrest you.<\/div>\n<div><\/div>\n<div>&#8220;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.\u201d<\/div>\n<div><\/div>\n<div>Admonishing Nigerians on how to use cash as gift, Okorafor said: \u201cIf you want to give, put the money in an envelope, and give it the celebrant. Let\u2019s know that anybody hawking and writing on the naira will face six months in jail or N50,000 or both.\u201d<\/div>\n<div><\/div>\n<div>Managing Director of First Securities Discount House (FSDH) Merchant Bank Mrs. Handa Ambah said people selling naira notes would be punished.<\/div>\n<div><\/div>\n<div>She said: \u201cWe 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.\u201d<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The CBN has banned spraying of money In parties across Nigeria, saying those caught are liable to be jailed or pay N50,000 fine.* A new directive from CBN says mobile&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":70903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-70902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pay N50,000 Or Be Jailed If You Spray Money At Events In Nigeria - CBN - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/pay-n50000-or-be-jailed-if-you-spray-money-at-events-in-nigeria-cbn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pay N50,000 Or Be Jailed If You Spray Money At Events In Nigeria - CBN - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The CBN has banned spraying of money In parties across Nigeria, saying those caught are liable to be jailed or pay N50,000 fine.* A new directive from CBN says mobile&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/pay-n50000-or-be-jailed-if-you-spray-money-at-events-in-nigeria-cbn\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-12T17:57:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2019\/12\/7904378_102820180331et_jpeg804f9ce3db091918a80365203713a3a1-678x381.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"678\" \/>\n\t<meta property=\"og:image:height\" content=\"381\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/pay-n50000-or-be-jailed-if-you-spray-money-at-events-in-nigeria-cbn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/pay-n50000-or-be-jailed-if-you-spray-money-at-events-in-nigeria-cbn\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"Pay N50,000 Or Be Jailed If You Spray Money At Events In Nigeria &#8211; 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