Nigerian comedian and actor Ayo Makun, widely known as AY, has addressed his recent invitation by the Economic and Financial Crimes Commission (EFCC) over allegations concerning the misuse of the Naira.
In an Instagram post shared on Wednesday, AY revealed that he was summoned for questioning on Monday, May 5, regarding the public spraying of both local and foreign currencies at a recent social event. This practice is considered a violation of the Central Bank of Nigeria’s regulations on currency handling.
He wrote, “I am grateful to God for His mercy and guidance. On Monday, I was invited by the Economic and Financial Crimes Commission (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.
The comedian expressed appreciation to the EFCC and relevant authorities for their understanding and for granting him a pardon after it was confirmed that the money sprayed was not tied to any criminal or illicit activity.
“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.
“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.
“To my friends, family, and the general public: We all know that spraying money at public events is a practice common in Nigerian celebrations, especially during weddings, funerals, and parties. It is generally considered a cultural tradition rather than a criminal act. But let me attach some slides to this post on the DOS AND DON’T.
“It is important to understand that mutilating or abusing the Naira—whether by spraying, tearing, defacing, or mishandling—is not just a cultural practice but also a violation of Nigerian law. Such acts undermine the integrity of our national currency and can have serious legal consequences.
“Let us all strive to uphold the dignity of our currency, which is a symbol of our nation’s sovereignty and economic stability. Respect for the Naira is respect for Nigeria’s future.
“Together, we can promote responsible behaviour and foster a culture of patriotism and integrity.”
Notably, popular Nollywood actress Iyabo Ojo also disclosed via her Instagram page on Tuesday that she was contacted by the EFCC while in the United Kingdom and honored the invitation upon her return to Nigeria.
Iyabo appeared before the EFCC on Monday, May 5, 2025, where she was reportedly questioned about aspects of her daughter’s recently concluded wedding ceremony.
Both celebrities have since committed to using their platforms to raise awareness about the legal consequences of currency misuse, including the public spraying, tearing, or defacing of the Naira—offenses punishable under Section 21 of the Central Bank of Nigeria (CBN) Act, 2007.