Following his recent encounter with the Economic and Financial Crimes Commission (EFCC), popular comedian and actor Ayo Makun, known as AY, has urged Nigerians to stop abusing the Naira, warning that mishandling the currency carries serious legal consequences and undermines its national value.
The comedian made this known on Wednesday through an Instagram post where he addressed his recent invitation by the Economic and Financial Crimes Commission (EFCC). He revealed that he was questioned on May 5, 2025, over the public spraying of both local and foreign currencies at a social event—an act deemed a violation of the Central Bank of Nigeria’s (CBN) regulations on currency abuse.
“I am grateful to God for His mercy and guidance. On Monday, I was invited by the Economic and Financial Crimes Commission (EFCC) regarding an incident involving the public spraying of both local and foreign currencies—an act that has been classified as an offense related to the abuse of the Naira,” AY wrote.
He expressed appreciation to the EFCC for their understanding, stating that he was granted a pardon after investigations confirmed the money he sprayed was not connected to any criminal or illicit activity.
“I want to sincerely thank the EFCC and all authorities involved for their understanding and for granting me pardon based on confirmation that the money being sprayed is not linked to the proceeds of crime or any form of illicit funds,” he stated.
Describing the experience as a wake-up call, AY committed to using his platform to educate the public on the importance of respecting Nigeria’s currency.
“This experience has been a valuable lesson, and I am personally committed to promoting awareness about the proper respect and care for our national currency,” he said.
While acknowledging that money spraying is deeply rooted in Nigerian celebrations such as weddings, parties, and funerals, AY stressed that cultural practices should not override the law.
“To my friends, family, and the general public: We all know that spraying money at public events is a practice common in Nigerian celebrations, especially during weddings, funerals, and parties. It is generally considered a cultural tradition rather than a criminal act. But let me attach some slides to this post on the DOS AND DON’TS,” he said.
“It is important to understand that mutilating or abusing the Naira—whether by spraying, tearing, defacing, or mishandling—is not just a cultural practice but also a violation of Nigerian law. Such acts undermine the integrity of our national currency and can have serious legal consequences,” he added.
He concluded by calling on citizens to show greater respect for the Naira, which he described as a symbol of Nigeria’s sovereignty and economic stability.
“Let us all strive to uphold the dignity of our currency, which is a symbol of our nation’s sovereignty and economic stability. Respect for the Naira is respect for Nigeria’s future. Together, we can promote responsible behavior and foster a culture of patriotism and integrity. Thank you.”
Read also: Iyabo Ojo invited by EFCC over currency abuse
AY’s public statement came just a day after Nollywood actress Iyabo Ojo confirmed that she was also questioned by the EFCC on the same day—May 5—over the spraying of money at her daughter’s wedding.
Both entertainers have now pledged to enlighten Nigerians on the legal implications of currency abuse, stressing the need to protect the Naira and maintain national pride.
