EFCC Summons Okoya Brothers Over Viral Naira Abuse Video
The Economic and Financial Crimes Commission (EFCC) has summoned Subomi and Wahab Okoya, sons of billionaire industrialist Razaq Okoya, over allegations of naira abuse. The brothers are scheduled to appear at the EFCC’s Lagos office on Awolowo Road in Ikoyi at 10 a.m. on Monday, January 13, 2025.
The controversy stems from a promotional video for a new song in which Subomi and Wahab were captured spraying naira notes while a police officer was seen holding stacks of N1,000 bills. This act contravenes Section 21(3) of the Central Bank of Nigeria Act, 2007, which explicitly prohibits the abuse of the national currency.
In a letter signed by Michael Wetkas, Acting Director of the EFCC Lagos Directorate, the commission emphasised its dedication to enforcing laws that safeguard the integrity of the naira. The summons represent the EFCC’s ongoing efforts to clamp down on such violations.
The Nigeria Police Force has also initiated disciplinary action. Muyiwa Adejobi, the Force spokesperson, confirmed that the officer seen in the video has been detained. He described the officer’s conduct as unethical and assured the public that appropriate disciplinary measures would be enforced to maintain professionalism within the police force.
The video has sparked widespread outrage on social media, with many Nigerians calling for stricter enforcement of laws against Naira abuse, particularly when high-profile individuals are involved. Critics argue that such acts undermine the currency’s value and reflect poorly on the nation.
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In 2024, the EFCC ramped up its crackdown on naira abuse, leading to arrests and prosecutions of several celebrities, including Bobrisky and Cubana Chief Priest, for similar offences. These cases demonstrated the commission’s resolve to hold individuals accountable regardless of their social status.
The investigation into the Okoya brothers highlights the continued emphasis on preserving the currency’s integrity and ensuring that laws are applied uniformly. The EFCC’s actions aim to deter further violations and reinforce public confidence in the enforcement of Nigeria’s financial regulations.
Content Credit| Oyedepo Oluwafifedoyinsola Precious
Picture Credit | https://www.thecable.ng/
