As the Economic and Financial Crimes Commission, EFCC, intensifies raids, arrests and prosecution of persons alleged to have abused the national currency, the Naira, Delta State Orientation Bureau, has advised citizens to avoid actions or inactions that would constitute violation of Section 21(1) and Section 20(5) of the Central Bank Act of 2007.
The Chief Executive Officer of Delta State Orientation Bureau, DSOB, Barrister Latimore Oghenesivbe, in a statement on Wednesday, said EFCC taskforce on abuse of the Naira has activated and reinforced operational strategies in all zones of the commission, including Delta State, aimed at preserving the integrity of the national currency by the federal government.
He listed several ways and means by which bank notes can be abused in violation of the relevant provisions of the CBN Act 2007, to include; spraying of the Naira at social gatherings or events, writing on bank notes, stapling of bank notes due to corrosion caused by the pins, tearing bank notes, selling of bank notes at events and parties, mutilation and rejection of bank notes, as well as, money bouquet arranged in a way similar to flower bouquet, which offers the smell of freshly printed bills that one can spend at social gatherings and events.
