FG warns against money bouquet ahead of Valentine's Day

The Central Bank of Nigeria (CBN) has classified “money bouquets” as a form of naira abuse, adding it to offences such as spraying, squeezing, selling, and defacing banknotes.

Money bouquet is when money is folded to look like a flower petal and then arranged together to create a bouquet.

The CBN made this known in a flier shared on its Twitter handle that listed forms of abusing the naira.

The apex bank captioned the post, “It is your civic duty to protect the naira. Report naira abuse today.”

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Under the CBN Act, anyone caught tampering with the naira faces a minimum of six months in prison or a fine of at least ₦50,000.

Nigerians have been urged to protect the naira and report violations as enforcement agencies step up actions against offenders nationwide.

The CBN also provided toll-free hot-lines through which the apex bank could be reached to report such activities.

This comes just days before the celebration of Valentine's Day, which sees many display their love by gifting their loved ones money bouquets and other items

SOURCE ; NEW-MUSK BLOG.

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