……..in Lagos
The Executive Chairman of the Economic and Financial Crimes Commission, (EFCC), Mr. Ola Olukoyede, has called on critical stakeholders in the anti-graft war to join hands with the Commission in tackling the menace of Naira abuse in the country.
He made the appeal on Friday, July 18, 2025 2021 during an engagement with critical stakeholders comprising movie producers, musicians, non-governmental organizations, media, bureau de change operators and legal practitioners, among others
He said the sensitization programme organized by the Lagos Zonal Directorate 1 of the EFCC, was a fallout of the increasing spate of Naira mutilation and abuse in the country.
The EFCC boss described the Naira as not just a means of exchange, but a profound symbol of national sovereignty and pride.
While emphasizing that the value and integrity of the Naira directly impacts Nigeria’s economic stability and national image, he said: “The Naira is a symbol of our sovereignty. How we treat it reflects how much we respect ourselves as a people”
He also decried the rampant abuse of the Naira at social functions through practices such as spraying, stamping, and mutilation.
“Over the past year, the EFCC, in collaboration with the Central Bank of Nigeria (CBN), has intensified enforcement and public awareness campaigns to combat Naira abuse. These efforts include the establishment of a Task Force on Dollarization and Naira Abuse, as well as the prosecution of offenders, including public figures and celebrities,” he said.
