Tinubu’s minister Hannatu Musawa risks six-month jail term for breaking law barely two days after assuming office (Video)

According to the Act, anyone caught in the act is guilty of an offence, and liable to six months in prison or will be fined N50,000 or might get both fine and imprisonment.

The CBN explained in the Act that spraying, dancing, or matching on the Naira is an abuse or tampering of Nigeria’s currency.

The Act reads: A person who tampers with a coin or note issued by the Bank is guilty of an offence and shall on notes and coins 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.

A coin or note shall be deemed to have been tampered with if the coin or note has been impaired, diminished or lightened otherwise than by fair wear and tear or has been defaced by stumping, engraving, mutilating, piercing, stapling, writing, tearing, soiling, squeezing orany other form of deliberate and willful abuse whether the coin or note has or has not been thereby diminished or lightened.

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 an abuse and defacing of the Naira or such note and shall be punishable under Sub-section (1) of this section.