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Nairobi pastor forced to pull down images of new banknotes after warning from Central Bank - Kenyans247 / General - Kenyans247

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Nairobi pastor forced to pull down images of new banknotes after warning from Central Bank by Kenyans247(m): Tue Jul 2019 02:38pm
Pastor Samson Muthui of ATG Deliverance Chapel in Mwiki caused a stir online after he asked church members to attend a dedication service for the new currency - A poster he published online contained images of the new notes which is against CBK regulations - Any person who would wish to use cash or images of cash for any other purpose other than as currency must seek approval in writing from the regulator - A person who contravenes this regulation shall be liable to a fine of KSh 100,000 as per the Central Bank of Kenya (Currency Handling) Regulations 2010 - The offender shall also pay KSh 10,000 if the breach is not remedied within the time specified under the CBK regulations Publishing images or videos of Kenyan currency on social media or anywhere else without permission from Central Bank of Kenya (CBK) can land one in jail or leave you with a hefty fine to pay, the regulator has revealed. The warning came after a Nairobi pastor shared on social media photos of a poster showing the recently unveiled Kenyan banknotes as he advertised a special church service dedicated to celebrating the new currency. READ ALSO: New Kenyan currency: Everything you should know Central Bank of Kenya warned use of images of Kenyan currency without approval from the regulator was a violation of the law and can land one in jail. Photo: KBC. Source: UGC READ ALSO: Rais Uhuru Kenyatta akagua bandari ya Kisumu kighafla Attention of the CBK was seemingly drawn to the peculiar church service that was being advertised and promptly issued a statement explaining those who would wish to use images of Kenyan currency for any purpose must seek approval from the regulator. "Did you know if you would like to use images of Kenyan currency for any purpose, you must apply in writing to the Central Bank of Kenya for approval? CBK will consider your application and either allow it or reject it. There are penalties for contravening this," the regulator noted in a tweet posted on July 5, 2019. READ ALSO: Tanzania suspends conversion of Kenyan shilling after introduction of new notes Indeed, the Central Bank of Kenya (Currency Handling) Regulations 2010 stipulates that no person shall use cash or images of cash, current or historical, for publication or promotional or any other purposes other than as currency without the prior written approval of the Bank. "A person who contravenes...this regulation shall, in addition to any criminal sanctions imposed under any law, be liable to a penalty, payable to the Bank of KSh 100,000 and a daily surcharge of KSh 10,000 if the breach is not remedied within the time specified for that purpose by the Bank," the CBK regulations indicate. READ ALSO: ODM wants Central Bank to phase out new currency notes with Jomo Kenyatta's image Pastor Samson Muthui of ATG Deliverance Chapel in Mwiki area caused quite a stir online when he published a poster with different denominations of the new currency notes which he requested his congregants to carry so they could receive blessings. In his promotional message, Muthui stated the special sermon themed Financial Breakthrough was to focus on breaking the chains of financial stagnation. The man of the cloth has since pulled down the controversial advertisement and even apologised to the CBK for violating the regulations. Do you have a life-changing story you would like us to publish? Please reach us through news@tuko.co.ke or WhatsApp: 0732482690 and Telegram: Tuko News. Church of thieves and drug addicts - On Tuko TV Read more: https://www.tuko.co.ke/309792-nairobi-pastor-forced-pull-images-banknotes-warning-central-bank.html#309792

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