In a statement made by the Central Bank Of Nigeria (CBN) spokesman Isaac Okorafor in a meeting in Lagos, has said that the police and the Ministry of Justice would arrest anyone who sprays money in a party.
“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.”
Rather than the traditional way of gifting money by spraying, he, however, has given alternative ways to gift cash, he said,
“If you want to give, put the money in an envelope, and give it the celebrant. Let’s know that anybody hawking and writing on the naira will face six months in jail or N50,000 or both.”
Managing Director of First Securities Discount House (FSDH) Merchant Bank Mrs Handa Ambah also added, she said,
“We need to let them know that this is money. The fact that you cannot spray money at parties does not mean that you cannot put money in an envelope and pass it to the celebrants.”