Obi Cubana In Trouble , Risks Six Months Imprisonment


Obi Cubana in trouble, this may result him to serve a six months prison sentence, after breaking the federal laws.

The founder of Cubana Nightclub, Obinna Iyiegbu, aka, Obi
Cubana risks six months in prison after breaching the
Central Bank of Nigeria (CBN) rule during the burial of his
mother in Oba, Anambra State.
In one of the videos uploaded by Obi Cubana on his
Instagram and obtained by IGBERE TV during the days-long
celebration of life for his mother, he is seen spraying naira
notes to persons around him.
In another video, he is seen dancing on naira notes sprayed
on him by guests at his party, while Kanayo O Kanayo and
other guests were also captured on video spraying Cubana
naira notes.
The act of spraying naira and dancing on the note is an
abuse of Nigeria’s currency, and it contravenes Section 21
of the CBN Act 2007, which stipulates six months jail term.
According to the act:
(1) A person who tampers with a coin or note issued by the
Bank is guilty of an offence and shall on notes and coins
imprisonment for a term not less than six months or to a
fine not less than N50,000 or to both such fine and
(2) A coin or note shall be deemed to have been tampered
with if the coin or note has been impaired, diminished or
lightened otherwise than by fair wear and tear or has been
defaced by stumping, engraving, mutilating, piercing,
stapling, writing, tearing, soiling, squeezing or any other
form of deliberate and willful abuse whether the coin or note
has or has not been thereby diminished or lightened.
(3) For the avoidance of doubt, spraying of, dancing or
matching on the Naira or any note issued by the Bank during
social occasions or otherwise howsoever shall constitute an
abuse and defacing of the Naira or such note and shall be
punishable under Sub-section (1) of this section.

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