Popular Nigerian comedian and filmmaker Ayo Makun, popularly known as AY, has confirmed his recent invitation by the Economic and Financial Crimes Commission (EFCC) over allegations of naira abuse at a social gathering. The EFCC’s action follows renewed enforcement of existing laws against currency mutilation as outlined under Section 21 of the Central Bank of Nigeria (CBN) Act, 2007.
In a post shared via his verified Instagram account on Wednesday, May 7, AY explained that he was summoned by the EFCC on Monday, May 5, to address concerns related to the public spraying of both naira and foreign currencies at a recent event he attended. Public spraying of money—a common cultural practice in Nigerian social functions—has come under increased scrutiny in recent months as regulatory bodies move to protect the sanctity of the national currency.
“I am grateful to God for His mercy and guidance. On Monday, I was invited by the EFCC regarding an incident involving the public spraying of both local and foreign currencies, an act that has been classified as an offense related to the abuse of the Naira,” AY wrote.
While the practice of spraying money is widely accepted in Nigerian celebrations such as weddings and birthdays, the Central Bank considers it a violation that could lead to fines or imprisonment. Spraying, defacing, or mutilating naira notes is deemed a punishable offense because it contributes to the premature wear of banknotes and encourages currency devaluation.
The comedian, however, clarified that the EFCC’s investigation found no link between the funds used at the event and any form of criminal or illicit activity. He was subsequently pardoned by the agency.
“I want to sincerely thank the EFCC and all authorities involved for their understanding and for granting me pardon based on confirmation that the money being sprayed is not linked to the proceeds of crime or any form of illicit funds,” AY stated.
He also described the experience as eye-opening and vowed to use his platform to promote public awareness on the proper handling of the naira. “This experience has been a valuable lesson, and I am personally committed to promoting awareness about the proper respect and care for our national currency,” he said.
AY further emphasized the cultural dimension of the act, urging fellow citizens to distinguish tradition from illegality. “While spraying money may be a deeply rooted cultural expression of celebration, it is crucial to remember that mutilating or abusing the Naira—by tearing, defacing, or spraying—is a direct violation of Nigerian law. Respect for the Naira is respect for Nigeria’s economic future.”
In line with this commitment, the entertainer shared educational slides with his followers, outlining the “Dos and Don’ts” of currency handling, calling on Nigerians to be law-abiding and mindful of the national implications of currency abuse.
Notably, AY is not the only public figure recently contacted by the EFCC over similar allegations. Nollywood actress Iyabo Ojo also confirmed earlier this week that she honoured an EFCC invitation regarding her daughter’s wedding, where guests were seen spraying money. She has since expressed her willingness to cooperate with authorities and educate the public.
The EFCC’s recent clampdown aligns with broader efforts by the CBN to enforce monetary discipline and reduce the misuse of the naira. Analysts suggest the focus on celebrities is part of a strategy to set examples that will influence broader public behavior.
Under Section 21(1) of the CBN Act, 2007, “spraying, dancing or matching on the Naira or any note issued by the Bank during social occasions or otherwise” is an offense punishable by imprisonment, fines, or both. This legal provision is part of the apex bank’s framework to preserve the integrity, durability, and legal sanctity of the national currency.
As of now, no formal charges have been filed against AY or other individuals involved, but the EFCC has reiterated its intention to intensify public sensitization campaigns to discourage naira abuse in all forms.
In conclusion, AY called on all stakeholders—especially entertainers, event planners, and socialites—to lead by example in reforming practices that, although culturally embedded, have legal and economic consequences.
“This is an opportunity for us all to reflect, change, and grow as responsible citizens. Let’s preserve our traditions without compromising our nation’s laws and future,” he said.