News

CBN Issues Another Warning, Says “Money Bouquet Is An Abuse Of Naira And Punishable By Law”

The Central Bank Of Nigeria has warned Nigerians that money bouquet is an abuse of the naira notes.

They revealed this on Instagram while stating that it is a punishable offence.

 

CBN Issues Another Warning, Says “Money Bouquet Is An Abuse Of Naira And Punishable By Law”

 

A money bouquet is comprised of banknotes arranged in a way similar to flower bouquets.

Most Nigerians present money bouquets to their loved ones to celebrate them but the apex bank has issued a stern warning that money bouquet is an abuse of the naira and it is a punishable offence.

They revealed this in an Instastories.

See it below;

BY IYABO AINA

Publisher News Rain Nigeria

newsrainng

Recent Posts

Commissioner For Education Announces 12-Day School Holiday For Eid-el-Kabir

The Kano State Government has announced the Eid-el-Kabir holiday for all primary and secondary schools…

4 hours ago

VIDEO: PWAN Co-Founder Addresses Concerns Over Delayed Land Allocations, Reaffirms Commitment To Clients

Dr. Austin Onwumere, Co-Founder and Chairman of PWAN Group, has publicly addressed recent concerns surrounding…

5 hours ago

Innovation Without Excavation: JMG Enables Full Accessibility At J.K. Randle Centre For Yoruba Culture And History

JMG Limited, Nigeria’s trusted partner in integrated power and mobility solutions, has completed a bespoke…

5 hours ago

Rite Foods Donates Educational Materials To 2,000 Pupils In Lagos, Ogun, Abuja

As part of its Corporate Social Responsibility (CSR) initiative and in celebration of Children’s Day,…

5 hours ago

Unity Bank, AfriGo Explore Collaboration to Deepen Access to Electronic Payments

Unity Bank Plc has reaffirmed its commitment to advancing electronic payment adoption and financial inclusion…

6 hours ago

Fitch Upgrades Fidelity Bank’s National Rating To ‘A+(nga)’, Affirms Long-Term IDR At ‘B’

Global credit rating agency, Fitch Ratings, has affirmed Fidelity Bank Plc’s Long-Term Issuer Default Rating…

6 hours ago