naira abuse

EFCC Chairman Ola Olukoyede has responded to public outcry over the agency’s inaction in the viral naira mutilation video involving ex-militant leader Tompolo, stating the footage is undergoing forensic analysis and warning against premature judgment. This explanation has triggered widespread...

Two Lagos-based TikTok influencers have been sentenced to six months in prison or fined ₦200,000 each after pleading guilty to naira abuse. The EFCC prosecuted them for stepping on and spraying currency at a public event. Tobilola “TobiNation” and Babatunde “TDollar” were convicted by a Lagos...

The EFCC has interrogated actress Iyabo Ojo and comedian AY regarding the spraying of currencies at Ojo’s daughter’s wedding, highlighting legal prohibitions against such practices. Iyabo Ojo and AY were invited by the EFCC over currency spraying at a wedding. Ojo was unaware that spraying any...

A repeat offender and another woman have been sentenced to one year in prison for hawking naira notes in Lagos — part of EFCC’s renewed push to curb currency abuse. Folake Adeoti (an ex-convict) and Modupe Adewuyi were caught selling Naira notes totalling over ₦5.4m. Arrested along Jobi Fele...

E-Money, the flamboyant Lagos businessman, has reportedly been released after a night in EFCC custody over allegations of Naira abuse and defacing foreign currency. E-Money was arrested Monday night in Omole, Lagos EFCC alleges he sprayed dollars at public events He was moved to Abuja for...

Terry Apala has been remanded by a Lagos court over alleged abuse of the naira, after a video surfaced showing him spraying and stepping on new notes at a social event—an act that violates Nigerian law. Terry Apala was charged with currency abuse under the CBN Act. EFCC brought the case forward...