CBN Warns Against Spraying, Mutilation, Hawking Of Naira

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has cautioned Nigerians, peculiarly marketplace women, against the maltreatment of the Naira done spraying, hawking, oregon mutilation.

Cardoso described these acts arsenic disregard for the nation’s captious awesome of sovereignty.

Represented by the Acting Director, Corporate Communications Department of the CBN, Mrs. Hakama Sidi Ali, the apex bank’s politician gave the informing connected Thursday astatine the CBN Fair held successful Kaduna.

The fair, themed: “Driving Alternative Payment Channels arsenic Tools for Financial Inclusion, Growth and Accelerated Economic Development”, served arsenic a level to prosecute members of the nationalist connected the CBN’s policies aimed astatine sustainable economical maturation and nationalist development.

The CBN governor, said the taxable was strategically chosen to item the relation of integer and alternate outgo systems successful promoting fiscal inclusion, enhancing the operations of Small and Medium Enterprises (SMEs), and stabilising the economy.

“I impulse everyone to trust lone connected accusation disseminated done verified authoritative channels of the Central Bank of Nigeria,” helium said. “Respect and support the Naira clean. Do not spray, hawk, mutilate, oregon counterfeit it. The Naira remains our captious nationalist symbol.”

Cardoso reiterated the superior nonsubjective of the just successful sensitising the nationalist connected however the CBN’s policies positively interaction their regular lives, livelihoods, and lend to the nation’s economical advancement.

He noted that assorted sessions astatine the just would exposure participants to developments successful the Nigerian payments system, microfinance activities, overseas speech marketplace reforms, fiscal user protection, and currency management.

Cardoso added that the apex slope remained committed to promoting productivity and fiscal inclusion portion delivering connected its halfway mandate of ensuring monetary and terms stability.

Highlighting immoderate caller achievements of the bank, Cardoso mentioned the unification of speech rates to curb arbitrage, clearance of implicit $7bn successful verified FX backlog, and the ongoing slope recapitalisation inaugural to heighten the resilience and planetary competitiveness of Nigeria’s banking sector.

He further noted the motorboat of the Non-Resident Bank Verification Number (BVN) strategy to nexus Nigerians successful the diaspora with section banking services, and the Nigeria Payments System Vision 2028 (PSV 2028), which seeks to accelerate integer translation and deepen inclusion.

In bid to boost user confidence, Cardoso disclosed that the slope has introduced the Unified Complaints Tracking System (UCTS) and the *959# USSD codification to verify licensed institutions and guarantee transparency wrong the fiscal system.

Also speaking astatine the event, the Kaduna Branch Controller of the CBN, Mr. Ahmad Dalhatu described the just arsenic 1 of the bank’s flagship nationalist enlightenment programmes aimed astatine expanding consciousness and knowing of its policies, interventions, and services.

Dalhatu emphasised that the inaugural provides an accidental for the nationalist to prosecute straight with the CBN, stock concerns, and connection feedback, thereby fostering transparency and trust.