EFCC Summons Sons of Nigerian Billionaire Okoya Over Alleged Misuse of Naira Notes
In a continued effort to enforce the law and preserve the integrity of the nation’s currency, the Economic and Financial Crimes Commission (EFCC) has invited the sons of Nigerian billionaire industrialist, Chief Rasak Akanni Okoya, for questioning. The summons is related to allegations of misuse and abuse of naira notes in apparent contravention of Nigeria’s currency regulations.
According to sources within the EFCC, the billionaire’s sons were invited to clarify their involvement in an incident where naira notes were reportedly handled inappropriately during a recent event. The agency is investigating whether the incident violated Section 21 of the Central Bank of Nigeria (CBN) Act, which prohibits the spraying, dancing on, or any other form of abuse of the naira.
The EFCC, in its statement, emphasized its commitment to curbing financial crimes and upholding the integrity of the nation’s legal tender. The commission further noted that the public, particularly high-profile individuals, must set a standard in respecting the naira to avoid encouraging similar practices.
This development comes amidst heightened efforts by the Nigerian government and its agencies to crack down on practices that undermine the value of the naira, especially during public events like weddings and parties where the currency is often flaunted. The act of spraying naira notes, a common practice in celebrations, has drawn widespread criticism for promoting wastefulness and disrespect toward the currency.
Although the details of the questioning remain undisclosed, the EFCC assured Nigerians that its investigation would be thorough and impartial. Representatives of the Okoya family are yet to issue an official statement regarding the invitation or their position on the allegations.
This case serves as a reminder of the government’s determination to uphold financial discipline and enforce currency-related laws. Observers believe that such high-profile investigations could deter future acts of naira abuse and set a precedent for respecting Nigeria’s monetary symbols.
Further updates are expected as the EFCC progresses with its inquiry into the matter.
