EFCC Investigates Celebrities Suspected of Naira Abuse. The Economic and Financial Crimes Commission (EFCC) has revealed that it is looking into the activities of various Nigerian celebrities who are suspected of being involved in the misuse of the country’s currency, the naira.

efcc interogate artist — Ola-Olukoyede is the new EFCC Chairman [Solacebase]

In a statement released on Sunday, April 14, 2023, the anti-corruption agency provided updates on its recent endeavors, particularly focusing on currency abuse and the growing issue of dollarization in the economy.

The EFCC stated that it has received numerous video recordings depicting blatant disregard for the naira by individuals from different backgrounds across Nigeria. As a result, the commission has initiated investigations into the involvement of celebrities in these currency-related offenses, noting that some suspects have cooperated by providing valuable information to aid the investigations.

Acknowledging the public’s role in bringing attention to instances of naira abuse through the circulation of old videos, the EFCC expressed gratitude for the support and participation of citizens in upholding the integrity of the national currency. The commission emphasized its commitment to thoroughly investigate and prosecute individuals found guilty of naira abuse.

EFCC Ongoing Efforts Against Naira Abuse

The EFCC highlighted its ongoing efforts to combat naira abuse and the dollarization of the economy, recognizing the need for collaborative efforts between law enforcement agencies and the public to address these issues effectively. It reiterated its determination to uphold the law and hold perpetrators of currency-related crimes accountable.

New videos depicting instances of naira abuse will be thoroughly investigated and prosecuted, underscoring the commission’s proactive stance in addressing emerging challenges. The EFCC emphasized its dedication to its mandate and urged the public to comply with relevant laws to avoid legal consequences.

Celebrities Under Investigation

The statement disclosed that several celebrities are currently under investigation for their alleged involvement in naira abuse. While some have provided statements to the EFCC, others have been summoned for questioning by investigators. The commission affirmed its commitment to fair and impartial investigations, emphasizing that no individual is above the law.

Bobrisky’s Case Sparks Debate

The EFCC’s announcement follows the recent sentencing of popular crossdresser and socialite, Idris Okuneye, also known as Bobrisky, to six months in prison without the option of a fine for mutilation of the naira. The sentencing, delivered by Justice Abimbola Awogbor of the Federal High Court in Lagos, elicited mixed reactions from the public.

Read also:

Many Nigerians criticized the verdict, arguing that Bobrisky, as a first-time offender, should have been given the option of paying a fine, as prescribed by the law. The case sparked debates regarding the appropriate punishment for currency-related offenses and raised questions about judicial discretion in sentencing.

Moving Forward

As the EFCC continues its efforts to curb naira abuse and uphold the integrity of the country’s currency, it calls for the support and cooperation of all stakeholders. The commission remains vigilant in its pursuit of justice and reaffirms its commitment to combating financial crimes for the prosperity of Nigeria.