Popular Nigerian comedian and actor Ayo Makun, popularly known as AY, has been interrogated by the Economic and Financial Crimes Commission (EFCC) over alleged abuse of the Nigerian naira and mishandling of foreign currencies, particularly the US dollar. The development adds to a growing list of celebrities facing scrutiny under Nigeria’s currency abuse laws.
Sources within the EFCC confirmed that AY was invited for questioning at the commission’s Lagos office on Monday, where he spent several hours with investigators. The interrogation centered on viral videos and photos that allegedly showed the comedian spraying naira notes at a public event — a practice prohibited under Nigerian law.
According to insiders familiar with the case, the EFCC is also examining AY’s financial activities relating to the acquisition and use of foreign currencies in Nigeria. The probe is part of a wider crackdown on individuals and public figures who, according to the commission, “glamorize and trivialize the illegal handling of the Nigerian currency.”
EFCC spokesperson Dele Oyewale confirmed the agency’s action but stopped short of giving full details, citing the ongoing nature of the investigation. “Yes, Mr. Ayo Makun was invited for questioning as part of our investigation into the misuse and abuse of the naira. He has cooperated with our investigators and provided useful information,” Oyewale stated.
The interrogation of AY follows a pattern of recent enforcement actions by the EFCC targeting celebrities and social media influencers. In April 2024, popular socialite Bobrisky was arrested and subsequently convicted for similar offenses involving the spraying of the naira at a party. That case attracted significant public attention and sparked renewed debates on the enforcement of the Central Bank of Nigeria’s (CBN) directive banning the spraying, mutilation, or defacing of the national currency.
Legal analysts note that under the CBN Act, it is illegal to tamper with or handle the naira in a manner deemed disrespectful or destructive. Convictions under the law can lead to fines or jail terms, depending on the severity of the offense.
While AY has not been charged with any crime, the EFCC’s action signals a tightening of regulatory oversight, especially among high-profile individuals whose public actions influence cultural behavior. It is believed that the comedian was released after the interrogation but may be called upon again as investigations progress.
Public reaction to AY’s invitation by the EFCC has been mixed. Supporters of the comedian have criticized the commission for what they view as selective enforcement and media-driven policing of celebrities. “There are far more pressing financial crimes to pursue in Nigeria than going after entertainers for throwing money in the air,” said a fan on social media.
However, others argue that celebrities must be held accountable for their actions and should serve as role models in promoting respect for national symbols, including the currency. “You can’t expect regular citizens to treat the naira with respect if people with millions of followers are seen casually abusing it,” wrote a Twitter user.
AY, who has remained largely silent on the matter, has yet to issue a formal statement. However, sources close to him say he is cooperating fully with authorities and intends to clear his name. Known for his sold-out comedy shows and movie productions, AY is one of Nigeria’s most influential entertainers, with a fan base that spans across Africa and the diaspora.
This latest incident adds to a growing conversation around celebrity behavior, financial literacy, and the responsibilities of public figures in Nigeria. As the EFCC continues to clamp down on what it terms “currency abuse,” legal experts suggest that more public education is needed to inform citizens—especially entertainers—on the laws surrounding currency handling.
It remains to be seen whether AY will face formal charges or if the case will conclude with a warning. For now, the spotlight remains on the EFCC’s campaign against currency abuse, which appears set to redefine acceptable public conduct surrounding money in Nigeria.
As the country grapples with economic challenges, including currency devaluation and inflation, the symbolism of how the naira is treated has taken on increased significance. For both celebrities and citizens alike, this may be a turning point in reinforcing respect for the national currency.
