Stand-up comedian and actor Ayo Makun, popularly known as AY, has shared details of his recent invitation by the
Economic and Financial Crimes Commission
(EFCC) concerning claims of Naira misuse.
On Wednesday, in an Instagram post, AY disclosed that he had been interrogated on May 5, 2025, regarding the public dispersal of both domestic and international money during a social gathering. This action is considered a breach of the Central Bank of Nigeria’s rules concerning currency damage.
He expressed gratitude to the EFCC for understanding and granting him a pardon after confirming the funds were not linked to criminal or illicit activities.
AY described the experience as a valuable lesson, committing to raise awareness about respecting Nigeria’s national currency.
He pointed out that the act of throwing money, which is a customary tradition during Nigerian events such as weddings and parties, is frequently seen as innocuous but actually contravenes Section 21 of the CBN Act, 2007.
Encouraging Nigerians to refrain from defacing or misusing the naira, he stressed that these actions compromise the currency’s integrity and have legal repercussions.
I am thankful to God for His compassion and direction. Last Monday, I received an invitation from the Economic and Financial Crimes Commission (EFCC) concerning an event where local and foreign currency notes were publicly distributed—a practice categorized as an offense linked to the misuse of the Naira.
I genuinely wish to express my gratitude to the EFCC and all participating authorities for their comprehension and for bestowing upon me a pardon after confirming that themoneybeing dispersed is unrelated to criminal gains oranykindof illegitimate funds.
“This encounter has served as a crucial learning opportunity, and I am dedicated to raising awareness regarding the appropriate reverence and maintenance of our national currency,” he began.
He stated: “To my friends, family, and everyone else: As we’re aware, distributing cash at public gatherings is a widespread custom in Nigeria, particularly seen at weddings, funerals, and festivities. This action is typically viewed as part of our culture instead of an illegal activity. However, I will include some slides with guidelines on what to do and not do.”
It’s crucial to recognize that damaging or mistreating the Naira—through actions like spraying, ripping, altering, or mismanaging—it isn’t merely considered part of local customs; it’s also against Nigerian law. These deeds compromise the value and respect for our country’s money and could result in severe legal repercussions.
Let us collectively work towards maintaining the integrity of our currency, as it stands as a representation of our nation’s sovereignty and economic strength. Showing reverence for the Naira is tantamount to showing regard for Nigeria’s future.
Collectively, we can encourage accountable conduct and cultivate a culture of patriotism and honesty. Thank you.
This mirrors an earlier event concerning actress Iyabo Ojo, who verified on Tuesday that she too had been interrogated by the EFCC on May 5, 2025, regarding cash distribution during her daughter’s marriage ceremony.
AY and Ojo have both committed to informing the public about the legal consequences of misusing currency, emphasizing the importance of respecting the Naira’s role as an emblem of national sovereignty and economic stability.
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