CBN Moves Against Naira Abuse, Unveils Ambassadors Club

The Central Bank of Nigeria (CBN) on Tuesday launched the Naira Ambassadors Club, a new initiative aimed at promoting proper handling of the national currency and reducing the growing incidence of naira mutilation across the country.
Speaking at the inauguration in Abuja, CBN Governor Olayemi Cardoso said the initiative would leverage the influence of young Nigerians to drive behavioural change and foster greater respect for the naira.
Cardoso described the naira as more than a medium of exchange, noting that it represents Nigeria’s sovereignty, identity and economic stability.
According to him, the apex bank continues to invest significant resources in producing clean, durable and ...