The Central Bank of Nigeria (CBN) has designated “money bouquets” as a form of naira abuse, placing them alongside offences such as spraying, squeezing, selling, and defacing banknotes.
The culture of money bouquets instead of flower bouquets began trending in Nigeria a few years ago. It is when currency notes are rolled and arranged to look like flower petals and then arranged together to create a bouquet.
The CBN issued the warning in a flier shared on its Twitter handle that listed forms of abusing the naira.
The apex bank captioned the post, “It is your civic duty to protect the naira. Report naira abuse today.”
Under the CBN Act, anyone caught tampering with the naira faces a minimum of six months in prison or a fine of at least ₦50,000.
Nigerians have been urged to protect the naira and report violations as enforcement agencies step up actions against offenders nationwide.
The CBN also provided toll-free hot-lines through which the apex bank could be reached to report such activities.
This comes just days before the celebration of Valentine’s Day, which sees many display their love by gifting their loved ones money bouquets and other items.
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CBN Warns Against Money Bouquet Ahead of Valentine’s Day
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