Popular Nigerian comedian and actor Ayo Makun, widely known as AY, has addressed his recent invitation 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 confirmed that he was invited by the EFCC on Monday, May 5, for questioning related to the public spraying of local and foreign currencies at a recent event—an act that contravenes the Central Bank of Nigeria’s (CBN) regulations on currency handling.
“I am grateful to God for His mercy and guidance,” AY wrote. “I was invited by the EFCC regarding an incident involving the public spraying of currency, which has been classified as an offense under the abuse of the Naira.”
He expressed appreciation to the EFCC for its professional conduct and confirmed that he was granted a pardon after authorities established that the funds involved were not proceeds of crime or linked to any illicit activity.
“I sincerely thank the EFCC and all involved authorities for their understanding. This experience has taught me a valuable lesson, and I am now committed to helping raise awareness about respecting and properly handling our national currency,” he added.
AY acknowledged that spraying money at celebrations is a deeply rooted cultural practice in Nigeria, especially at weddings and other social events. However, he emphasized the importance of knowing that such actions violate Nigerian law.
“Mutilating or abusing the Naira—by spraying, tearing, or defacing—is not only culturally practiced but also legally punishable. It undermines the dignity of our currency, which represents our nation’s sovereignty and economic stability,” he said.
He urged Nigerians to be mindful of the law and to promote responsible behavior toward the Naira.
Meanwhile, Nollywood actress Iyabo Ojo also confirmed via Instagram that she was contacted by the EFCC while abroad and honored the agency’s invitation after returning to Nigeria. She appeared before the commission on the same day as AY, reportedly over aspects of her daughter’s recent wedding.
Both public figures have since pledged to use their platforms to educate the public on the legal risks associated with currency abuse, which is punishable under Section 21 of the Central Bank of Nigeria Act, 2007.
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