A
Neither 1 nor 2
B
1 only
C
Both 1 and 2
D
2 only
Correct answer: (b) 1 only
Explanation
Statement 1 is correct as CBN operates under the Department of Revenue, Ministry of Finance (and not the Ministry of Home Affairs). Statement 2 is incorrect because CBN specifically regulates legal licit opium cultivation and monitors precursor chemicals, contradicting the claim that it has no jurisdiction over licit cultivation.
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