The Anambra State Government has expressed grave concern over the increasing trend of indiscriminate currency spraying at various events. In a statement released by the State Commissioner for Information, Paul Nwosu, the government emphasized the legal consequences of such actions, citing Section 21 of the Central Bank of Nigeria (CBN) Act of 2007, which stipulates a penalty of not less than six months’ imprisonment or a fine of not less than N50,000, or both, for the misuse of currency.
Nwosu highlighted the disturbing spectacle of law enforcement officials standing by or even facilitating the practice, where individuals scatter money into the air, only for it to be trampled underfoot. He lamented the emergence of a culture where young people flaunt wealth by recklessly tossing bundles of currency, regardless of its denomination, at social gatherings.
The commissioner traced the origins of this phenomenon, noting its gradual evolution from modest displays of appreciation in southern regions to its current extravagant form, particularly in the northern parts of the country. He underscored the moral and legal implications of such behavior, questioning the source of wealth and the disregard for the law.
Furthermore, Nwosu pointed out the potential societal ramifications, suggesting that the flaunting of wealth in such a manner sets a detrimental example for future generations. He called for greater enforcement of existing legislation and emphasized the importance of responsible financial stewardship, echoing Governor Charles Chukwuma Soludo’s advocacy for Public Private Community Partnership as a means of sustainable wealth creation and development.
In conclusion, the commissioner urged individuals to reflect on the values of hard work and prudent investment demonstrated by past generations, emphasizing the importance of channeling resources towards ventures that benefit society as a whole.