Popular Nigerian comedian and actor, Ayo Makun, widely known as AY, has confirmed he was recently questioned by the Economic and Financial Crimes Commission (EFCC) over alleged abuse of the Naira.
In a statement shared on his Instagram page on Wednesday, AY disclosed that he was invited by the EFCC on Monday, May 5, regarding the public spraying of local and foreign currencies during a recent social event—an act considered a violation of the Central Bank of Nigeria’s (CBN) regulations against currency mutilation.
“On Monday, I was invited by the EFCC concerning an incident involving the spraying of naira and foreign currency at a public event. I’m grateful to God for His mercy and to the EFCC for their understanding,” AY wrote.
He stated that following investigations, authorities confirmed the funds involved were not linked to any criminal activity or illicit sources, leading to his release without charges.
“This experience has been a valuable lesson,” AY said, adding that he is now committed to raising awareness about the legal implications of currency abuse.
AY emphasized that although spraying money is a widely accepted cultural practice at Nigerian celebrations, it is still illegal under Nigerian law. “We must understand that acts such as spraying, defacing, or mishandling the Naira are violations punishable under the CBN Act,” he said.
He encouraged Nigerians to respect the Naira as a symbol of national pride and economic stability.
The comedian also shared educational slides on the dos and don’ts of handling the Naira, urging the public to adopt responsible behavior during festivities.
His statement comes just a day after Nollywood actress Iyabo Ojo revealed she too had been contacted by the EFCC and honored their invitation after returning from the UK. She was reportedly questioned over elements of her daughter’s wedding ceremony.
Both AY and Iyabo Ojo have pledged to use their platforms to educate the public on the consequences of currency abuse, which is punishable under Section 21 of the CBN Act, 2007.
