• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Sunday, May 3, 2026
No Result
View All Result
NewsNet Nigeria
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos
NewsNet Nigeria
No Result
View All Result
Home Economy

Naira Abuse: DSOB Advises Deltans Against Selling, Buying, Spraying Bank Notes

by NewsNet Nigeria
2 years ago
in Economy
Oborevwori committed to good governance, fiscal discipline – EAC Latimore
Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

As the Economic and Financial Crimes Commission, EFCC, intensifies raids, arrests and prosecution of persons alleged to have abused the national currency, the Naira, Delta State Orientation Bureau, has advised citizens to avoid actions or inactions that would constitute violation of Section 21(1) and Section 20(5) of the Central Bank Act of 2007.

The Chief Executive Officer of Delta State Orientation Bureau, DSOB, Barrister Latimore Oghenesivbe, in a statement on Wednesday, said EFCC taskforce on abuse of the Naira has activated and reinforced operational strategies in all zones of the commission, including Delta State, aimed at preserving the integrity of the national currency by the federal government.

He listed several ways and means by which bank notes can be abused in violation of the relevant provisions of the CBN Act 2007, to include; spraying of the Naira at social gatherings or events, writing on bank notes, stapling of bank notes due to corrosion caused by the pins, tearing bank notes, selling of bank notes at events and parties, mutilation and rejection of bank notes, as well as, money bouquet arranged in a way similar to flower bouquet, which offers the smell of freshly printed bills that one can spend at social gatherings and events.

Oghenesivbe, who is also the Executive Assistant on Communications to governor Sheriff Oborevwori of Delta State, said the wave of arrests and prosecution of offenders by the EFÇC underscored the need for the Bureau to commence sensitization campaigns, so as to prevent citizens of the state from breaking the law, pointing out that law breakers cannot plead ignorance as a defence in civil and criminal jurisdictions.

He said the ongoing efforts to preserve the integrity of the Naira, which took effect from February this year, was long overdue, while commending EFCC for securing 24 convictions across the country, and over 200 alleged offenders including Mr Pascal Okechukwu, aka Cubana Chief Priest, are facing prosecution across the 14 zones of the commission nationwide.

“It is crystal clear that the federal government is determined to put an end to the abuse of the national currency, the Naira. EFCC special taskforce on currency mutilation and dollarization of the economy has activated operational strategies to arrest and prosecute offenders.

“Delta State Orientation Bureau is by this statement appealing to citizens of the state; urban and rural dwellers to avoid abuse of the Naira in the following ways and means; spraying of Naira notes or any other currency at parties and events, selling of Naira notes at parties and events, mutilation of Naira notes, dancing on top of Naira notes or any currency at parties and events, and do not reject Naira notes.

“Under the MORE Agenda of the governor, Rt Hon Sheriff Oborevwori, enhanced peace and security is necessary for upscaling development, which is why citizens must obey law and order.

“The state government has nothing to gain if any Deltan is arrested and prosecuted over abuse of Naira notes. We must Stop the mutilation, selling, buying, spraying and defacing Naira notes, to avoid arrest and prosecution,” Oghenesivbe said.

Previous Post

Oborevwori committed to good governance, fiscal discipline – EAC Latimore

Next Post

Delta govt won’t spare violators of environmental laws – Asiuwhu

MORE NEWS

EFCC Warns Fintech CEOs: One Bad Transaction Can Ruin Your Brand
Economy

EFCC Warns Fintech CEOs: One Bad Transaction Can Ruin Your Brand

May 2, 2026
Naira Under Pressure as Forex Volatility Persists
Economy

Naira Under Pressure as Forex Volatility Persists

May 2, 2026
Tinubu Declares Poverty, Insecurity National Emergencies at Workers’ Day
Economy

Tinubu Declares Poverty, Insecurity National Emergencies at Workers’ Day

May 2, 2026
Workers Are Delta’s Engine Room, Oborevwori Declares at May Day Rally
Celebration

Workers Are Delta’s Engine Room, Oborevwori Declares at May Day Rally

May 2, 2026
Next Post
Delta govt won’t spare violators of environmental laws – Asiuwhu

Delta govt won't spare violators of environmental laws - Asiuwhu

Leave Comment

RECENT STORIES

Governor Oborevwori Praises Esther Ahon’s Remarkable Journey at 100

Governor Oborevwori Praises Esther Ahon’s Remarkable Journey at 100

May 3, 2026
Izeze Fires Back at Omo-Agege’s Aide, Lists N80bn Projects in Ndokwa, Ukwuani

Izeze Fires Back at Omo-Agege’s Aide, Lists N80bn Projects in Ndokwa, Ukwuani

May 2, 2026
DOPF Sets Stage for World Press Freedom Day in Asaba, Spotlights Journalism for Peace

DOPF Sets Stage for World Press Freedom Day in Asaba, Spotlights Journalism for Peace

May 2, 2026
Arsenal, Man City Set for Dramatic Premier League Finish

Arsenal, Man City Set for Dramatic Premier League Finish

May 2, 2026
EFCC Warns Fintech CEOs: One Bad Transaction Can Ruin Your Brand

EFCC Warns Fintech CEOs: One Bad Transaction Can Ruin Your Brand

May 2, 2026

TRENDING STORIES

  • DELSU Fires Female Staff Over Extortion as Asagba Vows Crackdown on Sharp Practices Ahead of Convocation

    DELSU Fires Female Staff Over Extortion as Asagba Vows Crackdown on Sharp Practices Ahead of Convocation

    0 shares
    Share 0 Tweet 0
  • Senator Dafinone to Police: Bring Killer Officer to Justice Over Ogidi’s Death

    0 shares
    Share 0 Tweet 0
  • Izeze Fires Back at Omo-Agege’s Aide, Lists N80bn Projects in Ndokwa, Ukwuani

    0 shares
    Share 0 Tweet 0
  • 2027: Ukuyoma Declares for Uvwie Assembly Seat, Promises Fresh Ideas, True Representation

    0 shares
    Share 0 Tweet 0
  • Emerhor Steps Aside for Dafinone in Major Delta Central APC Unity Move

    0 shares
    Share 0 Tweet 0
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.

No Result
View All Result
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.