Naira Scarcity: Event planners print notes for owambe spraying

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A statement from the apex bank said the Naira is our legal tender and a symbol of national pride, urging Nigerians to respect...

So, with the biting scarcity of cash and the reiteration by theto prosecute those who abuse the Naira, event planners in Lagos have devised a new way of living above the broken norms.

The agent, in this case, is the event planner, and the common denomination is N1000 and N500 notes. The images of the celebrant or event host are printed on the notes.READ ALSO:“We had this at the burial reception for Kabiesi Alara’s father’s burial. It’s an excellent lent way to stop the abuse of throwing naira at parties

“We are Nigerians, and you can’t take the life of the party away from us. You have to feel the vibe, so the idea of a dummy currency for spraying is very creative,” she said. She, however, said the introduction of money tokens for spraying was innovative even though more still needs to be done to sensitise partygoers on how it works.

“Generally, only the CBN has the authority to issue a legal tender, so it would depend on what those printing it are calling it. Counterfeiting is an offence, but any organisation can print tickets or tokens, which can come in the form of plastic or paper,” he said. He further noted that the new idea is a welcome development as abusing the naira by spraying or stepping on it is very unsavoury.On Thursday, the 2nd of February, the CBN vowed to prosecute sellers and those who flagrantly abuse the notes at social functions across the country.

Source: Law Daily Report (lawdailyreport.net)

 

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Print notes or print papers? Printers are designed to hook if they tries to print notes.😁

I trust my people. Been thinking of when this will surface and it didn't take long. No time for time on anything that would dull our Owambe.

Must we spray money?

This is trash. What's now the essence of spraying it when you can't spend it😒

Very good. Nigerians are not only thinking ahead but being innovative.

Vouchers should not look like the real money. This is not right and government need to put a stop now.

this is bad

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