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Naira Abuse: Oluwo Warns EFCC Over Arrests, Advocates Public Enlightenment

The Paramount Ruler of Iwoland, Oba Abdulrosheed Adewale Akanbi, has called on the Economic and Financial Crimes Commission (EFCC) to conduct thorough public education campaigns on naira misuse before pursuing arrests.

Oluwo emphasized the widespread ignorance among Nigerians regarding what constitutes naira abuse, urging the EFCC to launch extensive media campaigns to educate the populace before enforcing penalties.

The Osun monarch relayed this message through his Press Secretary, Alli Ibraheem, on Wednesday. Oba Akanbi, while acknowledging the EFCC’s efforts in combating corruption, advised prudence in apprehending individuals for naira misuse.

He highlighted the prevalent practice of spraying naira notes, particularly among the Yoruba and Igbo communities during cultural ceremonies such as weddings, naming ceremonies, and funerals, noting its cultural significance with few exceptions.

The statement read, “While commending the operatives of the Economic and Financial Crimes Commission (EFCC) for their efforts so far in recovering billion of stolen naira, I urge the commission to conduct comprehensive enlightenments for Nigerians on naira handlings.”

“The recent litigation by the EFCC against naira abuse is a misplaced priority. The practice of spraying money is more cultural to the Yorubas and Igbos,” Oluwo said.

“There is a cultural spirit in Yoruba that forces you to spend money uncontrollably at your exciting moment. I’m sure the spirit will be tamed when people have public knowledge of possible penalties for naira abuse. The commission should not place the cart before the horse.”

“EFCC should devise both print and electronic media to enlighten the public on those acts constituting naira abuse and spell out penalties. The public knowledge will unavoidably caution individuals and empower the commission to identify and punish arrogant naira abusers.

The well-known crossdresser Idris Okuneye, who is also known as Bobrisky, was sentenced to six months in jail last week for defacing the naira.

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