Bala Mohammed, the governor of Bauchi State, created a scene over the weekend when he visited Azare Town and flung money at the locals.
The former PDP presidential candidate was seen throwing bundles of cash to the locals in a video
By acting in this way, Mohammed disregarded the possibility of an accident or stampede as people fought to capture the falling naira notes.
Four years ago, the Nigerian government through the apex bank, warned citizens against the spraying of the nation’s current at parties.
The CBN insisted that those who flout this warning were at risk of a six-month jail term or a fine of N50,000.
The bank said it was absurd to use the Naira, a symbol of the nation’s identity and pride in that manner.
Also, Section 21 (3,4,5) of the Central Bank of Nigeria (CBN) Act 2007 clearly prohibits any form of abuse of the Nigerian currency.
The Act prescribes “imprisonment for a term not less than six months or to a fine not less than N50,000 or to both such fine and imprisonment for anyone guilty of spraying of, dancing or matching on the Naira or any note issued by the Bank during social occasions.
“For the avoidance of doubt, spraying of, dancing or matching on the Naira or any note issued by the Bank during social occasions or otherwise howsoever shall constitute abuse and defacing of the Naira or such note and shall be punishable under Sub-section (1) of this section.
“It shall also be an offence punishable under Sub-section (1) of this section for any person to hawk, sell or otherwise trade in the Naira notes, coins or any other note issued by the Bank.”
The law further says “marching” includes spreading scattering or littering of any surface with any naira notes or coins and stepping thereon, regardless of the value, volume, occasion or intent.
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