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‘Naira Abuse’: After Public Outcry, EFCC Summons Okoya’s Sons

The Economic and Financial Crimes Commission (EFCC) has invited Subomi and Wahab, sons of billionaire industrialist Razaq Okoya, for interrogation over alleged abuse of the naira.

This follows a viral video showing the duo spraying naira notes while a serving personnel of Nigeria Police held wads of cash.

The invite was issued despite a public apology from one of the boys, who expressed remorse for his actions and asked Nigerians for forgiveness. But criticisms continued to mount against the video scene especially as a serving Police personnel was a participant.

In response to the criticism, Subomi apologized via a post on his X account expressing regret for his actions.

“To the Nigerian people, my actions were not intended to cause any trouble or harm. My intentions were pure and naive,” he wrote. “I ask for your forgiveness and support as I had no intention of raising such an alarm. I wasn’t fully aware of the consequences of my action.”

The brothers were directed to appear at the EFCC Lagos office on Awolowo Road, Ikoyi, by 10 a.m. on Monday, January 13, 2025.

In the invitation signed by Michael Wetkas, Acting Director of its Lagos Directorate, EFCC said it was part of its commitment to enforcing Section 21(3) of the Central Bank of Nigeria (CBN) Act, 2007, which prohibits the abuse of the national currency.

The video has also drawn the attention of the Nigeria Police Force, which identified and detained the officer seen in the clip.

The Force Spokesperson, Muyiwa Adejobi, confirmed that the officer’s actions were unethical and that he would face disciplinary measures as part of the Police’s efforts to uphold professionalism and integrity.

“The policeman captured in the recent viral video shared by the sons of Lagos businessman Chief Okoya, where they were abusing the naira, has been identified and detained for disciplinary action,” the NPF stated.

The force condemned the officer’s involvement, describing his actions as unethical and contrary to the values of the Police. “We remain committed to upholding the sanctity, credibility, and core values of the Police force,” the statement read.

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