Popular Nigerian comedian and actor Ayo Makun, widely known as AY, has found himself at the center of a growing controversy after being summoned by the Economic and Financial Crimes Commission (EFCC) for questioning over allegations of naira abuse.
In a candid Instagram post on Wednesday, May 7, AY revealed that he was invited by the anti-graft agency on Monday, May 5, following an incident involving the public spraying of both naira and foreign currencies at a recent social event—a practice that, while deeply rooted in Nigerian culture, is classified as an offense under the Central Bank of Nigeria (CBN) Act of 2007.
The development underscores the EFCC’s intensifying crackdown on currency mutilation, raising questions about the intersection of tradition, law, and public accountability in Nigeria’s vibrant social landscape.
AY’s invitation by the EFCC comes amid a wave of similar probes targeting high-profile figures, including Nollywood actress Iyabo Ojo, who was also questioned on May 5 over money spraying at her daughter’s wedding.
According to AY, the EFCC’s investigation focused on videos from the event showing him and others engaging in the customary act of spraying cash, a flamboyant gesture often seen at Nigerian weddings, funerals, and celebrations.
“I am grateful to God for His mercy and guidance,” AY wrote, expressing relief that the agency granted him a pardon after confirming that the funds sprayed were not linked to illicit activities or proceeds of crime.
He thanked the EFCC for their “understanding” and pledged to use his platform to educate Nigerians about the legal implications of such practices.
The practice of spraying money—tossing or showering banknotes on celebrants—has long been a hallmark of Nigerian social gatherings, symbolizing wealth, generosity, and festivity.
However, Section 21 of the CBN Act explicitly prohibits actions that “mutilate, deface, or abuse” the naira, including spraying, stepping on, or mishandling the currency. Violators face fines or imprisonment, as these acts are seen to undermine the integrity of Nigeria’s national currency.
The EFCC, in collaboration with the CBN, has ramped up enforcement in recent years, particularly targeting celebrities and influencers whose actions are amplified by social media.
WHAT YOU SHOULD KNOW
AY’s encounter with the EFCC may mark a turning point in how Nigerians navigate the delicate balance between cultural expression and legal compliance.
As celebrities like AY and Iyabo Ojo leverage their platforms to advocate for change, the conversation around naira abuse is likely to gain traction, potentially reshaping social norms.
For now, the comedian’s message is clear: Celebrating responsibly means respecting the law and the currency that binds the nation.
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