As Nigerians celebrate Valentine’s Day with grand romantic gestures, a legal expert has issued a stark reminder about the criminal implications of using Naira notes for decorations, including money cakes, money flowers, or money bouquets.
Thank you for reading this post, don't forget to subscribe!Naija247news gathered that lawyer Stan Alieke warned that such practices are punishable under Nigerian law, with offenders risking a minimum of six months imprisonment. The reminder comes as many Nigerians embrace the growing trend of presenting loved ones with aesthetically arranged money gifts, often flaunted on social media.
According to Naija247news, Alieke emphasized that spraying, mutilating, or using the Naira for decorative purposes violates Section 21 of the Central Bank of Nigeria (CBN) Act. The law strictly prohibits tampering with the national currency, including writing on it, stapling it, or using it in any form that defaces its integrity.
Naija247news understands that while many people engage in these acts unknowingly, the law considers it an offense, and violators can face prosecution. In previous years, the Economic and Financial Crimes Commission (EFCC) and the Nigeria Police Force have arrested and prosecuted individuals for similar offenses, particularly those involved in spraying and stepping on money at social events.
Naija247news reports that the warning has sparked mixed reactions among Nigerians, with some expressing surprise at the legal consequences, while others argue that the law should focus on more pressing financial crimes. However, financial experts maintain that protecting the Naira’s integrity is crucial, especially amid economic challenges and inflation concerns.
In recent months, the CBN has intensified efforts to curb the abuse of Nigeria’s currency, including launching campaigns to educate citizens on proper handling of the Naira. Authorities have warned that offenders, including event planners and vendors who create money bouquets, risk arrest and prosecution.
As Valentine’s Day celebrations peak, Naija247news understands that many Nigerians remain unaware of the law’s strict stance on currency mutilation. Legal professionals urge citizens to explore alternative gift ideas that do not violate financial regulations, emphasizing that ignorance of the law is no excuse for breaking it.
With enforcement agencies closely monitoring currency abuse, Nigerians are advised to celebrate responsibly and avoid actions that could lead to legal consequences.
