The Central Bank of Nigeria on Wednesday
said the law enforcement agencies should be held responsible for the
ineffectiveness of the law banning spraying of currencies at social
gatherings in the country.
The CBN said because of the disinterest
shown by the law enforcement agencies in apprehending those violating
the law banning spraying of currencies, the perpetrators had persisted
in the unlawful act.
Deputy Governor in charge of Operations,
CBN, Mr. Tunde Lemo, who said this in Abeokuta during a sensitisation
workshop on the commencement of the cash-less policy in Ogun State,
however, said it was not the duty of the apex bank to enforce the law.
The Federal Government had, through a
bill signed into law in 2007 by the administration of former President
Olusegun Obasanjo, criminalised all manners of abuse of the Naira. The
law also prescribed six months imprisonment or N50,000 fine or both
sanctions for offenders.
Lemo, however, expressed regret that the
law enforcement agencies had so far been unable to arrest or prosecute
any violator for spraying money or abusing naira notes since the bill
was signed into law about six years ago.
Represented at the workshop by the
Deputy Project Lead, Shared Services Office of the CBN, Abuja, Mr. Eme
Eleonu, the apex bank’s deputy governor charged the police and other
security agencies to rise to the occasion in the fight against the abuse
of the Naira.
He said, “CBN is a regulatory
institution; it is not a law enforcement agency. You know it is criminal
to spray money in Nigeria, yet nobody has been arrested by law
enforcement agencies for spraying money. We can’t do the law enforcement
job. We can’t do EFCC’s job. We are playing our role; let others play
their own too.”
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