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MURIC differs with CBN on penalty for money abusers

By Chris Irekamba
17 October 2018   |   4:06 am
Muslim Rights Concern (MURIC) has disagreed with the Central Bank of Nigeria (CBN) on the N50,000 fine slammed on defaulters of the ban...

Muslim Rights Concern (MURIC) has disagreed with the Central Bank of Nigeria (CBN) on the N50,000 fine slammed on defaulters of the ban on abuse of currencies, especially at social gatherings.

In a statement made available to The Guardian, the director, Professor Ishaq Akintola, appealed to the law enforcement agencies to enforce the ban in the interest of the coming generation.

It rather advocated jail term for offenders.

“We would have loved a situation whereby government scraps the fine and opts for imprisonment, without any option of fine for anyone who sprays money at parties. The jail term may depend on the amount sprayed and the currency used. It should be a non-bailable offence.

“Nigerians fear to go to jail, but they do not mind paying fines. This is why we advocate the scraping of fines for spraying money at parties,” MURIC stated.

Describing the ban as long overdue, Akintola said: “We hail CBN for the ban on spraying at parties. It is a nauseating practice. Ours is a culture of waste. We are so materialistic today that we have forsaken our core values. We worship money, even in the house of God. Spraying money at parties is flamboyance. Those who do it are cutting their noses to spite their faces. They are inducing greed and encouraging crime.”

Akintola, who believes that CBN’s ban on money spraying is capable of reducing crime in society, noted: “You may attract armed robbers to yourself as you spray money at parties. Hoodlums may surround you or trail you when you leave.”

MURIC also disagreed with CBN on the fine.

“We disagree with the N50,000 fine across board. The fine should be based on the amount sprayed and the currency involved. A man who sprays only 10 notes cannot be compared with another who sprays 200 of same denomination; neither can we compare someone who sprays foreign currency with one who sprays naira.”

What is N50,000 fine to someone who sprayed close to N1 million? The fine should be proportionate to the amount sprayed,” it added.

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