Nigerian comedian and actor Ayo Makun, widely known as AY, recently shared his experience of being summoned by the Economic and Financial Crimes Commission (EFCC) regarding allegations related to the misuse of the Naira.
In a post on his Instagram account on Wednesday, AY revealed that he had been invited for questioning on Monday, May 5, concerning the public spraying of both local and foreign currencies at a recent event.
This practice has come under scrutiny due to its violation of regulations set forth by the Central Bank of Nigeria concerning currency mutilation.
AY expressed his gratitude in his post: “I am thankful to God for His mercy and guidance. On Monday, I was invited by the EFCC concerning an incident involving the public spraying of currencies, an act classified as an offense associated with the abuse of the Naira.”
He acknowledged the EFCC and relevant authorities for their understanding, noting that after confirming that the money sprayed during the event was not linked to any criminal activities, he was granted a pardon.
“I sincerely thank the EFCC and all involved for their understanding and for granting me a pardon based on confirmation that the funds were not from any illicit source.”
Reflecting on the incident, AY stressed the importance of raising awareness about the proper treatment of Nigeria’s currency.
He stated, “This experience has taught me a valuable lesson, and I am now committed to promoting respect and care for our national currency.”
To his friends, family, and the public, he acknowledged that money spraying is a common tradition in Nigerian celebrations, particularly at weddings, funerals, and parties.
However, he emphasized the need to differentiate between cultural practice and legal boundaries. “Let me share some guidelines on the dos and don’ts regarding currency usage.”
AY reiterated the legal implications of mishandling the Naira:
“It is crucial to recognize that mutilating or abusing the Naira—whether by spraying, tearing, defacing, or otherwise—is not merely a cultural practice, but a violation of Nigerian law. Such actions jeopardize the integrity of our currency and may lead to severe legal repercussions.”
The Nigerian comedian and actor called on everyone to uphold the dignity of the Naira, stating, “Respect for our currency is tantamount to respect for Nigeria’s future. Let us work together to foster a culture of responsible behavior, patriotism, and integrity.”
In related news, Nollywood actress Iyabo Ojo also confirmed via her Instagram that she was contacted by the EFCC while in the United Kingdom and fulfilled the invitation upon her return to Nigeria.
She appeared before the EFCC on May 5, 2025, where she was reportedly questioned regarding aspects of her daughter’s recent wedding celebration.
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Both public figures have since committed to utilizing their platforms to inform Nigerians about the legal consequences of currency abuse, specifically concerning the public spraying, tearing, or defacing of the Naira—actions that are punishable under Section 21 of the Central Bank of Nigeria (CBN) Act of 2007.
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