Cubana group Executive Director Obinna Iyiegbu, also known as Obi Cubana, Nollywood actor Kanayo O Kanayo and many others face the risk of six months in prison after violating the Central Bank of Nigeria (CBN) regulations on “abuse of Naira banknotes” . Obi Cubana has dominated social media trends nearly four days after hosting a grand funeral for her late mother Ezinne Iyiegbu over the weekend.

The funeral was hosted by celebrities such as Kanayo O. Kanayo, EMoney, Davido, and Alex Ekubo. Akin Alabi, founder of Naira Bet and member of the House of Representatives, also attended the event. In one of the videos posted on the Internet, you can see Obi Cubana throwing naira banknotes to people around him.

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In another clip, he was seen dancing on the naira banknotes sprinkled on him by guests, and Kanayo O Kanayo and other participants were also filmed with Cuban naira banknotes sprinkled on the video. The Central Bank of Nigeria (CBN) has previously issued a warning about this, saying it is ready to cooperate with the police and the Ministry of Justice to put anyone who throws money at the party into jail.

If a celebrant is dancing and you spray him/her, you may go to jail from the party venue because the law enforcement agents will be there, waiting to arrest you.

“It is the duty of law enforcement agencies to catch offenders and take them to court. Our collaboration with the police will intensify as we move to implement the mobile court for offenders,” It said in a statement.

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The act of spraying naira and dancing on the note is an abuse of Nigeria’s currency, and it contravenes Section 21 of the CBN Act 2007, which stipulates six months jail term.

According to the act:

(1) A person who tampers with a coin or note issued by the Bank is guilty of an offence and shall on notes and coins imprisonment for a term not less than six months or to a fine not less than N50,000 or to both such fine and imprisonment.

(2) A coin or note shall be deemed to have been tampered with if the coin or note has been impaired, diminished or lightened otherwise than by fair wear and tear or has been defaced by stumping, engraving, mutilating, piercing, stapling, writing, tearing, soiling, squeezing or any other form of deliberate and willful abuse whether the coin or note has or has not been thereby diminished or lightened.

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(3) 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 Sub-section (1) of this section.

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