NOA knocks Ogun monarch for abusing naira notes

0
413

The National Orientation Agency has cautioned Oba Aremo Kolawole Sowemimo, the Olu of Owode-Egba, for abusing Naira notes at an event.

FTN reports that the monarch had, in a viral video, decorated a musician with a garland of naira notes during the 13th anniversary of his ascension.

Reacting to the video in a statement signed and directed to the monarch on Tuesday, Director General, NOA, Lanre Issa-Onilu, said the display was “an abuse of one of the national symbols” of Nigeria.

- Advertisement -

“The NOA has the mandate to preserve and promote the integrity of our national symbols and we are compelled to appeal to you and indeed, all traditional rulers to see it as part of your duty to preserve these symbols as part of our national culture. These symbols are icons that define us as a sovereign nation and respect for them mean also respect for our country,” the letter read.

- Advertisement -

Section 21 (3) of the Central Bank of Nigeria Act 2007 as amended stipulates that 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 the law by fines or imprisonment or both.

- Advertisement -

The NOA boss then appealed to Oba Sowemimo to work together with the agency in “finding a solution to the indiscriminate abuse of the currency by enlightening community members on the legal consequences of the abuse of the Naira and promoting the integrity of all our national symbols.”

READ ALSO: Popular radio presenter dies in Abuja auto crash

-Advertisement-


We do everything possible to supply quality news and information to all our valuable readers day in, day out and we are committed to keep doing this. Your kind donation will help our continuous research efforts.

-Advertisement-

-Want to get the news as it breaks?-

- Advertisement -