EFCC grills Comedian AY over naira abuse

Popular Nigerian comedian and actor, Ayo Makun, famously known as AY, has addressed the public after being invited by the Economic and Financial Crimes Commission (EFCC) over alleged abuse of the Naira.

Taking to his Instagram page on Wednesday, AY confirmed that he was questioned by EFCC officials on Monday, May 5, regarding his involvement in the public spraying of both Nigerian and foreign currencies during a recent social event. The act, which is considered a violation under the Central Bank of Nigeria’s currency handling regulations, has drawn increased scrutiny from the anti-graft agency.

AY expressed his gratitude to both God and the authorities, noting that he was eventually pardoned after investigations confirmed that the funds used were not connected to any illegal activities.

He wrote, “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.”

AY described the experience as a valuable lesson and pledged to use his influence to create awareness about the importance of respecting the Naira.

He stressed that while the spraying of money remains a popular cultural practice at Nigerian weddings, parties, and other celebrations, it is crucial for citizens to realise that such acts violate existing laws and undermine the value of the national currency.

He further cautioned, “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.”

The comedian encouraged Nigerians to uphold the dignity of the Naira as a symbol of the country’s sovereignty and economic stability, advocating for responsible behaviour that fosters patriotism and integrity.

Similarly, Nollywood actress Iyabo Ojo also disclosed through her Instagram page on Tuesday that she had been contacted by the EFCC while abroad in the United Kingdom.

She confirmed honouring the agency’s invitation upon her return to Nigeria, appearing before officials on the same day, May 5, 2025, where she was reportedly interrogated about aspects of her daughter’s recent wedding ceremony.

Both entertainers have since pledged to use their public platforms to educate Nigerians on the legal implications of abusing the Naira.

Public spraying, tearing, or defacing of the currency is punishable under Section 21 of the Central Bank of Nigeria Act, 2007.