Cardoso cautions against Naira spray, hawking, mutilation

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has cautioned Nigerians against spraying, hawking and mutilating the Naira, warning that such acts amount to disrespecting the nation’s symbol of sovereignty.

Cardoso, who was represented by the Acting Director, Corporate Communications Department of the CBN, Mrs. Hakama Sidi Ali, gave the warning yesterday at the CBN Fair held in Kaduna.

The Fair, themed: “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development,” was organised to strengthen public understanding of the Bank’s policies and their role in driving economic stability.

The CBN boss said the theme was deliberately chosen to spotlight the link between financial inclusion and the growth of Small and Medium Enterprises (SMEs), which are critical to price stability and overall economic development.