The Nigerian entertainer and performer Ayo Makun, widely recognized as AY, has addressed the matter concerning his recent summons by the Economic and Financial Crimes Commission regarding accusations of naira misuse.
On Wednesday, AY posted on his Instagram account that he had been summoned for interrogation on Monday, May 5, concerning the public dispersion of both domestic and international money at a recent gathering. This act is deemed as an infringement of the Central Bank of Nigeria’s rules against currency defacement.
He stated, “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 was publicly distributed, which is considered an offense linked to the misuse of the Naira.”
The comic thanked the EFCC and related agencies for their comprehension and for pardoning him once they verified that the cash sprinkled was not connected to any illegal actions.
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 they confirmed that the money distributed was not connected to criminal gains or any type of illegal funding.
This encounter has served as an important lesson, and I am dedicated to raising awareness regarding the appropriate respect and care for our nation’s money.
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 this message outlining the DOs and DON’Ts.
It’s crucial to recognize that damaging or mistreating the Naira—through actions like spraying, ripping, altering, or mismanaging—it isn’t merely a customary act but also breaks Nigerian laws. These behaviors compromise the value of our country’s money and could result in severe legal penalties.
Let’s collectively work towards maintaining the integrity of our currency, as it represents our nation’s sovereignty and economic strength. Showing reverence for the Naira is tantamount to valuing Nigeria’s future.
Collectively, we can encourage accountable conduct and cultivate a culture of patriotism and honesty.
Remember that renowned Nollywood star Iyabo Ojo also verified via her Instagram post on Tuesday that she received contact from the EFCC when she was in the UK and responded to their summons after coming back to Nigeria.
On Monday, May 5, 2025, she faced questioning from the EFCC regarding specific details surrounding her daughter’s recent wedding celebration.
Both prominent individuals have subsequently committed to using their influence to inform Nigerians about the legal consequences of currency misuse, specifically activities like publicly sprinkling money, ripping banknotes, or damaging the naira. These actions can result in penalties as outlined in Section 21 of the CBN Act from 2007.
Provided by Syndigate Media Inc. (
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