Sowemimo, in a viral video, was seen spraying the naira notes
Naira abuse attracts imprisonment, NOA warns Ogun monarch
The National Orientation Agency has issued a strict warning to the Olu of Owode Egba, Oba Aremo Sowemimo, for abusing the naira notes during his 13th anniversary of ascension to the royal stool.
Sowemimo, in a viral video, was seen spraying the naira notes on a musician during the ceremony.
He was also seen decorating the musician with N1000 notes that he had made into a garland.
“The NOA has the mandate to preserve and promote the integrity of our national symbols and we are compelled to appeal to you and indeed all traditional rulers to see it as part of your duty to preserve these symbols as part of our national culture. These symbols are icons that define us as a sovereign nation and respect for them mean also respect for our country,” Issa-Onilu said.
He noted that the monarch’s action is punishable under the law.
He added, “Section 21 (3) of the Central Bank of Nigeria Act 2007 as amended stipulates that 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 the law by fines or imprisonment or both.”
The director general, however, called on the monarch to join the agency in the fight against indiscriminate abuse of the currency.
“We implore you, sir, to join the NOA in finding a solution to the indiscriminate abuse of the currency by enlightening your community members on the legal consequences of the abuse of the Naira and promoting the integrity of all our national symbols,” the NOA boss stated.
BREAKING: Super Eagles qualify for AFCON 2025 The Super Eagles of Nigeria have secured their…
Disaster averted as bird strike hits Abuja-Lagos Air Peace flight An Abuja-Lagos flight was…
NNPC achieves 1.8mbpd crude oil production The Nigerian National Petroleum Company Limited (NNPC Ltd) and…
BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year The federal government has unveiled…
EFCC arrests ex-NCMB boss over $35m energy project fraud The Economic and Financial Crimes Commission (EFCC)…
FG gets fresh $134m loan from AfDB for agric projects The Federal Government has secured a…