EFCC Wades Into Okoya Brothers’ Naira Abuse Video

The Economic and Financial Crimes Commission (EFCC) has waded into the Naira abuse video involving Subomi and Wahab Okoya, sons of billionaire industrialist Razaq Okoya.

It says the two must report to its Lagos office on Awolowo Road, Ikoyi, by 10 a.m. on Monday, January 13, 2025.

The Eagle reports a viral video showing the Okoya brothers spraying naira notes at an event had attracted public attention, especially with the presence of a uniformed police officer.

It is not yet clear what the event was but some have suggested a social outing, and others, a product or service promotion outing.

The police authorities have identified and detained the police man involved but the EFCC says the Okoya sons have to come answer some questions.

The said this much in an invitation signed by Michael Wetkas, Acting Director of the Lagos Directorate, who  says it is part of its bid at enforcing Section 21(3) of the Central Bank of Nigeria (CBN) Act, 2007, which prohibits the abuse of the national currency.

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Force spokesperson, Muyiwa Adejobi, had already said its man involved in the naira abuse video acted unethically and would as a result fact disciplinary sanctions.

Adejobi’s stance corroborated the reaction of the police through its official X handle:  “The policeman captured in the recent viral video shared by the sons of the Lagos businessman, Chief Okoya, where they were abusing the naira, has been identified and detained for disciplinary action.”

“The involvement of the policeman has been condemned, as it’s unethical. We will always strive hard to uphold the sanctity, credibility, and core values of the police,” the statement read.

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As the EFCC wades into Okoya brothers’ Naira abuse vodeo, it is certain to send a serious reminder to other Nigerians who probably may have forgotten that the law frowns at such display since it constituted an abuse to the national currency.

Hitherto, the Naira has been subjected to wanton abuse in social gatherings in the country, with the traditional money spraying ritual that usually characterised such events.