Nollywood actress Iyabo Ojo and comedian Ayo Makun, also known as AY, have been questioned by the Economic and Financial Crimes Commission (EFCC).
The EFCC invited them over the spraying of naira and foreign currencies at recent social events. Both celebrities honoured the invitation and showed up at the agency’s office on Monday, May 5, 2025.
Iyabo Ojo confirmed this in an Instagram post on Tuesday. She said the EFCC contacted her while she was in the UK.
“I recently received an invitation from the EFCC while I was in the UK,” she wrote. “On my return, I went to their office on May 5, where I was questioned about my personal details, career, and more.”
She said most of the questioning was about her daughter’s wedding to Tanzanian singer Juma Jux. The wedding, which took place last month, drew attention due to its extravagance.
EFCC officials reportedly showed her video clips from the ceremony. In the clips, guests were seen spraying money, including dollars and naira.
“I was shown videos from the wedding where guests were spraying money,” she explained. “I thought only the abuse of the naira was an offence.”
She said EFCC officials clarified that spraying any currency is not allowed under Nigerian law.
“They explained that spraying money at events, whether naira or dollars, goes against financial regulations,” she said.
Ojo urged Nigerians to stop spraying money at parties, saying it could lead to trouble with the law.
AY Also Faces EFCC Over Currency Spraying
Comedian AY also made a public statement on Wednesday. He confirmed he visited the EFCC over money spraying during a recent celebration.
“I am grateful to God for His mercy and guidance,” AY wrote on Instagram. “On Monday, I was invited by the EFCC regarding an incident involving the public spraying of both local and foreign currencies.”
He said the EFCC confirmed that the money involved was not from any criminal or illegal source. He thanked the agency for its understanding.
“I want to sincerely thank the EFCC for granting me pardon based on confirmation that the money sprayed is not linked to the proceeds of crime,” he said.
He described the incident as a learning moment and promised to educate others using his platform.
“It is important to understand that mutilating or abusing the Naira is a violation of Nigerian law,” he warned. “Such acts can have serious legal consequences.”
AY, 53, urged Nigerians to respect the naira as a national symbol and avoid acts that could damage its value.
Why the EFCC Is Cracking Down on Currency Abuse
These two celebrities are the among a list of others including entertainment mogul E-Money, recently quizzed by the anti-graft agency.
EFCC’s actions follow recent moves by the Central Bank of Nigeria (CBN) to protect the naira. Spraying, tearing, or defacing money at parties has been banned under Section 21 of the CBN Act, 2007.
The law allows for punishment, including jail time and fines, for those caught abusing the naira.
These EFCC invitations are part of a campaign to end the culture of money spraying at private and public events, which the government considers disrespectful to the national currency.
Iyabo Ojo and AY have both pledged to support this awareness drive and educate their fans.
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