Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, and Nigeria’s National Security Adviser, Nuhu Ribadu, have warned Nigerians against the abuse of the Naira and its commoditization.
The apex bank boss and Ribadu made this known at the bank’s security workshop held in Abuja yesterday, where security and law enforcement agencies gathered to address the issue.
In his remarks, Cardoso disclosed that recent mystery shopping exercises conducted in major commercial hubs, including Abuja, Asaba, Awka, Benin, Ilorin, Kano, and Ibadan, uncovered disturbing instances of Naira commoditization and abuse.
The CBN Governor called for strict measures to deter these practices, emphasising the role of law enforcement agencies in identifying and prosecuting individuals engaged in illicit currency dealings.
On his part, the National Security Advisor, Mallam Nuhu Ribadu, stressed the need for law enforcement agencies to take stronger action against offenders.
