Central Bank cites Section 21 of CBN Act 2007, says offenders risk jail term, fine, or bothThe Central Bank of Nigeria (CBN) has reiterated that the use of naira notes to create decorative items such as money bouquets, towers, or cakes constitutes currency abuse, an offence punishable under Nigerian law.
In a renewed public advisory, the apex bank stressed that such practices violate Section 21 of the CBN Act, 2007, which expressly prohibits the spraying, mutilation, defacing, or improper handling of the national currency. According to the CBN, folding, stapling, gluing, or reshaping naira notes for decorative or celebratory purposes falls squarely within acts considered abuse of legal tender.
The CBN warned that individuals found guilty of abusing the naira face up to six months’ imprisonment, a fine of ₦50,000, or both, as stipulated by law. The bank emphasized that the regulation applies regardless of intent, noting that celebratory or aesthetic use of currency does not exempt offenders from prosecution.
The advisory comes amid the growing popularity of money-themed gifts at weddings, birthdays, and social events, where naira notes are often arranged into elaborate designs for display. The CBN said such practices not only degrade the physical quality of the currency but also undermine its integrity and public confidence in the national monetary system.
Officials reiterated that naira notes are national assets and symbols of sovereignty, urging Nigerians to treat them with respect and use them strictly for lawful transactions. The apex bank also called on event planners, gift vendors, and the general public to desist from promoting or engaging in currency-related displays that violate existing regulations.
The CBN reaffirmed its commitment to enforcing currency protection laws and appealed to citizens to support efforts aimed at preserving the dignity and longevity of the naira, warning that ignorance of the law will not be accepted as a defense.
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