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By, Joke Thomas
Popular Nigerian businessman and music executive, Emeka Okonkwo, widely known as E-Money says the spraying of naira notes at social events reduces the dignity of the currency.
In a post on his Instagram page on Thursday, E-Money urged Nigerians to respect the currency.
“Attention! The EFCC reminds us: Spraying Naira (or any currency) at parties/events is against the law! Let’s celebrate responsibly and avoid fines. Respect our currency!
“If you must give money at a party, make sure you put it in a basket or in a bowl or box in front of the person at the party don’t drop any currency on the floor. This is advised by the EFCC. Ignorance it’s not going to be an excuse.
” Let us be aware and abide to the rules since it’s the law of the land,” he wrote.
This comes just days after E-Money was reportedly arrested and questioned by the Economic and Financial Crimes Commission (EFCC) over allegations of naira and dollar abuse.
He was said to have been spotted at a public event allegedly spraying the naira and some US dollar bills, an offence said to be contrary to Nigeria’s Foreign Exchange (Monitoring and Miscellaneous Provisions) Act.
The anti-graft agency has been cracking down on abusers of the nation’s currency of recent was apprehended on Monday night April 28 over alleged abuse of the naira and defacing foreign currency.
The sources mentioned that E-Money is under investigation for spraying both naira and United States dollars at a social event which violates Nigeria’s currency laws and the Foreign Exchange Act.
He is said to have been flown to Abuja for for further questioning.
The commission is yet to release a statement regarding this development.
