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CBN says it is incompetent against Nigerians who spray Naira notes at events.

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The law prescribes a jail term for persons who abuse the Naira, but no one has ever gone to jail for abusing the Naira.
The Central Bank of Nigeria (CBN) frowns at socialites, celebrities, and politicians who have made a habit out of spraying the Naira at public functions and parties.

The bank also admits that it cannot do much to stop Naira’s abuse.

Section 21 of the CBN Act makes it an offense to splash the Naira at ‘Owoffense weddings or funerals. The Act stipulates, that”A person who tampers with a coin or note issued by the Bank is guilty of an offense and shall on conviction be lot offense custody for a term not less than six months or to a fine, not less than N50,000 or to both such fine and imprisonment.” section 21(3) of the CBN Act states that: “For the avoidance of doubt, 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 subsection (1) of this section.”

subsection offense to hawk, sell, or trade-in the offense.

However, the trade-in stopped the Naira’s rain at occasions and events; and the CBN says it is no law enforcement agency that can jail Nigerians who abuse their currency.

“CBN is not a law enforcement agency. But we completely frown at such an attitude where the national currency is not accorded its due respect as other nationals do their currencies,” says Osita Nwanisobi, who is the CBN’s interim Director of Corporate Communications.

In June, the CBN had warned persons who abuse the Naira that they risk ending up in jail.

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FRSC Warns Against Night Travelling Over Insecurity, Bad Roads.

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The Federal Road Safety Corps (FRSC) has advised against traveling by night, citing the deplorable state of most federal roads and increasing insecurity across the country.

The News Agency of Nigeria (NAN) says the FRSC Sector Commander in Kogi, Solomon Agure, made the assertions in a statement on Monday in Lokoja.

Canvassing against overspeeding, Mr. Agure said no good road experience could come out of speeding, overloading, use of phone while driving, use of mechanically deficient vehicles, failure to use a seatbelt, and safety crash helmet, and several other road use infractions.

Mr. Agure said arrangements had been made for the commencement of 2021’s Ember Months and Operation Zero Tolerance to Road Traffic Campaign in Kogi.

He said that the campaign would be carried out under the theme: “Maintain Safe Speed, Avoid Night Travels And Enjoy Quality Road Experience”, and that the safety corps would be on the lookout to enforce strict compliance to laws and orders on the highways.

Mr. Agure said there would be high visibility of the corps on the roads across the state toward achieving the goals of the operation from now till the middle of January 2022.

He said that the command was planning to deploy over 800 personnel, 20 patrol vehicles, four ambulances, and heavy tow trucks for control of traffic.

“It aims at ensuring route lining, clear obstruction and responds to distress calls for all to have maximum road use experience during and after the p, period,” he said.

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BREAKING NEWS: Update Facebook, WhatsApp, And Instagram Creak Back To Life After Unprecedented Outage.

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Users were unable to access Facebook and Instagram late on Monday evening, but many still faced problems on WhatsApp.

Facebook has issued an apology for the outage which impacted the social media giant, along with Instagram and WhatsApp, for several hours late on Monday.

Facebook Engineering said in a statement on Twitter: “To the huge community of people and businesses around the world who depend on us: we’re sorry.

“We’ve been working hard to restore access to our apps and services and are happy to report they are coming back online now. Thank you for bearing with us.”
The platforms had confirmed on Twitter they were aware of issues and worked to resolve them after thousands of people reported outages shortly before 5 pm on 5 days.

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Photo Speak: O’oduaa 26th Cultural Day Ken Poly Chapter.

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