Olukoyede Tasks Operators of Event Centres, Clubs and
Lounges on Naira Abuse
The Executive Chairman of the Economic and Financial Crimes Commission,
Mr. Ola Olukoyede has tasked operators of events centres, clubs and lounges to
protect the Naira from abuse.
Olukoyede made this call during a sensitization and enlightenment session with
operators of such outlets at the Benin Zonal Directorate of the Commission on
Thursday, February 6, 2025.
The Chairman who spoke through the Acting Zonal Director, ACE I Effa Imoh
Okim charged the operators to protect the Naira from abuse. He said that naira
was our national treasure which all Nigerians should protect from every form of
abuse. He noted that spraying of naira at event was a wrong mentality which
should be discouraged.
According to him, spraying of money was at the foundation of economic and
financial crimes in the country. "Young people growing up and seeing adult
spraying money will grow up with the wrong values. They want to emulate what
those ahead of then are doing and so they get involved in illegitimate
activities to make money so they can spray in event. So, you see Yahoo
boys spraying their ill-gotten money at nightclubs, throwing it into the air
and showcasing their vanity."
He admonished the operators to enlighten their customers on the danger of
spraying money at their facilities as the Commission will arrest and prosecute
anyone found culpable.
"We are doing this today because we want to
partner with you to tackle this malaise. We are not against your
legitimate business which is vital to economic growth. What we are against are
your customers who come to your facilities and abuse the Naira, we want you to
take measures to forestall this. Let them know that they cannot spray money in
your facilities as it is against the law."
Darlington Eneneba, a manager of a lounge thanked the Commission for the
enlightenment. He, however, appealed for a considerable period to enable them
sensitize their customers
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