Skip to main content

CBN kicks off campaign against naira abuse in Kebbi

Image
By


The Central Bank of Nigeria (CBN) has kicked off its campaign against abuse of all denominations of the nation’s currency with a warning that stiff penalties including a fine of N50,000 or six months in imprisonment or both could be imposed on those found guilty of the offence in line with Section 1 of the Banking Act.

Speaking yesterday at the opening of the campaign held at Gwadangaji Mall Conference Hall in Birnin Kebbi, campaign team leader, Alhaji Aliyu Katuka, said the programme came at the right time after the bank received complaints from different sections of society at different forum on the increase in the naira abuse particularly by traders and underaged children.

He further stated that at the end of the sensitisation forum, participants would go back home to enlighten the general public on dangers of naira abuse.

The participants, according to him, were drawn from financial institutions, associations, clubs members and traders, among others.

He implored the general public to give the CBN the necessary cooperation and support to achieve its set objectives.

Also speaking, Acting Branch Controller, CBN, Birnin Kebbi, Usamatu A. Abdullahi, stressed the need for the leadership of the bank to extend the campaign to all states of the federation, if really it is to achieve the purpose.

Comments

Post a Comment

Popular Post

Liverpool have their own miracle, Klopp

By
Liverpool manager Jurgen Klopp has warned his side against complacency as they prepare to cross swords with Maribor in the Champions League on Wednesday, two weeks after pummelling the Slovenians 7-0. Klopp delved into the history books to underline the lesson for the five-time European champions as they try to take a decisive step towards qualification from Group E. In the 1954 World Cup the much-fancied Hungary, featuring Ferenc Puskas and Sandor Kocsis, beat the then West Germany team 8-3 in the group stages, only for the Germans to exact revenge in the final as they came from 2-0 down to win 3-2. Such was the achievement it was made into a 2003 film: “The Miracle of Bern”. Liverpool have their own miracle — when they recovered from 3-0 down to win the Champions League final in 2005 — and Klopp is well aware that football can be unpredictable. “I am from Germany so I know in 1954 we lost against Hungary in the group stage really clear then won the World Cup final,” he sai...
Post a Comment
Read more

Nigerians’ll help us choose their best Presidential candidate - PDP

By
As the competition for the presidential ticket of the opposition Peoples Democratic Party gets stiffer in the run -up to the 2019 general elections , the party has said that it will rely on Nigerians to help the party choose its candidate for the presidential election . The National Publicity Secretary of the party , Mr . Kola Ologbondiyan said the party had heard that many people , including a former Vice -President, Alhaji Atiku Abubakar ; Senate President, Dr. Bukola Saraki ; Sokoto State Governor , Aminu Tambuwal ; his colleague in Gombe State, Ibrahim Dankwambo; and a former Governor of Kano State, Rabiu Kwankwaso , were interested in picking its presidential ticket. He , however , said the decision to rely on Nigerians was premised on the party ’ s determination to avoid past mistakes , impunity and imposition of candidates . According to Ologbondiyan , the party is not backing any of those in line to get its presidential ticket. Others interested in getting the party ’ s ...
Post a Comment
Read more

Pope Francis goes to Egypt

By
Pope Francis will Friday leave the Vatican for  Cairo, Egypt at the invitation of both President Abdel-Fattah al-Sisi and Sheik Ahmed el-Tayeb, the grand imam of Al-Azhar University, the most important institution of learning in the world of Sunni Islam. The Egyptian President  visited the Vatican in November, 2014, while Tayeb visited last year May. Francis will arrive in Cairo on Friday afternoon and will leave 27 hours later. Expectedly he will meet President Abdel Fattah al-Sisi, grand imam Sheikh Ahmed al-Tayeb and the country’s Coptic Pope Tawadros. The only other visit of a Roman Catholic pope to Egypt was by Pope John Paul II in 2000. He did not meet with leaders at Al-Azhar but, after a brief sojourn in Cairo, traveled to Saint Catherine’s Monastery in Sinai, believed to contain the site of the burning bush seen by Moses. Francis’ trip will not just be promoting dialogue among different religions, but among different sects of Christianity as well. In addition to...
Post a Comment
Read more