Nigerian news All categories All tags
Remove mutilated naira notes from circulation immediately - Reps order CBN

Remove mutilated naira notes from circulation immediately - Reps order CBN

- The House of Reps has asked the CBN to immediately remove all mutilated naira notes from circulation

- The lawmakers expressed worry that dirty naira notes could pose serious health risks to Nigerians as bacteria naturally breed and live in dirty environments and objects

- The committees on Legislative Compliance, and Banking and Currency have been mandated to ensure strict compliance

The Central Bank of Nigeria (CBN) has been urged by the House of Representatives, to immediately commence the withdrawal of mutilated naira notes from all banks, and replace them with new notes, especially the N100 denominations which bear the face of the late Obafemi Awolowo.

The motion was moved by Hon Adekoya Adesegun Abdel-Majid, the member representing Ijebu-North/Ijebu-East/Ogun Waterside of Ogun state, Leadership reports.

Legit.ng gathers that the lawmaker pointed out that the naira now appears in inglorious forms and with odours that can be dangerous to human health. He further explained that the notes are usually dirty, mutilated, badly torn, terribly squeezed, soiled and cello taped.

READ ALSO: Anti-corruption war: UK to support EFCC with digital forensic technology

He also observed that except for 500 and 1000 naira notes, other notes are rarely paid to people in banks but are available in black market.

Abdel-Majid expressed worry that dirty naira notes could pose serious health risks to Nigerians as bacteria naturally breed and live in dirty environments and objects.

He stated: “They have been found to contain pathogenic parasites and bacteria, and are therefore sources of infection as well as potential carriers of communicable diseases.

“Diseases such as nosocomial infections, Human Influenza Virus, Hepatitis A Virus and others have been found on some of these dirty notes.”

The House subsequently mandated its committees on Legislative Compliance, and Banking and Currency to ensure strict compliance of the directive.

PAY ATTENTION: Install our latest app for Android, read best news on Nigeria’s #1 news app

Meanwhile, Legit.ng previously reported that the Central Bank of Nigeria (CBN) on Thursday, May 10, 2018, said customers should demand new naira notes from their respective banks and reject dirty ones.

Isaac Okorafor, acting director, communications department of the of the apex bank, made the statement in Lagos.

The CBN spokesperson said that the apex bank was aware of the high level of mutilated notes in the country and had taken several measures to addressing the rising incidence of mutilated notes.

Can 1 Naira ever become 1 US dollar again on the Forex market? - on Legit.ng TV:

Subscribe to watch new videos

Source: Legit.ng

Mailfire view pixel