A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
THERE is no disputation that Naira abuse or more specifically the act of spraying money at social events has become an acceptable norm or cultural practice in Nigeria. Nigerians have a cultural affinity for lavish social gatherings. Many people regard these occasions as a means of displaying social status and wealth. Spraying Naira notes, and other currency notes, at events progressively appear to be the ultimate way to flaunt your social standing.
Nigeria has since recognised the dangers of Naira abuse but that is not the focus of this piece. The government has made rules and laws to check it and provided enlightenment campaigns to educate people. The Central Bank of Nigeria, CBN, gave Naira abuse as one of the reasons why it is pushing for digital-based financial transactions. Naira abuse, like its ancestor-mother social epidemic of corruption, has remained stubborn and refused to go away.
There is a link between the recommendation of Malcolm Gladwell and the arrest and prosecution of Idris Okuneye better known as Bobrisky, a cross-dresser and social influencer, for Naira abuse, and the arrest and ongoing prosecution of Cubana Chief priest Pascal Okechukwu in connection with Naira abuse.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The naira abuse palaver, By Dakuku PetersideThe CBN, Police and the EFCC should study different models of changing public behaviour to deal with the issue of naira abuse.
Read more »
Functional aviation system in Nigeria will push demand for Naira in Africa — KeyamoMinister of Aviation and Aerospace Development, Festus Keyamo (SAN) said a functional aviation system in Nigeria will push demand for the Naira in Africa.
Read more »
Functional Airplane Maintenance Centres In Nigeria Will Push Demand For Naira In AfricaThe Latest News from Nigeria and Around the World
Read more »
Naira appreciation: Nigeria gets fresh $600m into FX reservesGovernor of the Central Bank of Nigeria, Olayemi Cardoso, says Nigeria received $600 into the country's foreign reserves. The development will see the Naira appreciate further below N1,074 per Dollar at the official market in the coming days. The CBN governor made the revelation at the International Monetary Fund's spring meetings in Washington, D.
Read more »
Food prices in Nigeria continue to rise despite increase in naira valueThe March inflation figure in Nigeria rose to 33.20%, with food prices increasing by 40.01%. Despite monetary interventions by the Central Bank of Nigeria, Nigerians are still struggling to afford decent meals.
Read more »
BREAKING: Nigeria’s Inflation Rate Hits 33.20% As Naira ReboundsThe Latest News from Nigeria and Around the World
Read more »