Popular Nigerian businessman and socialite, Emeka Okonkwo, popularly known as E-Money, has cautioned Nigerians against the practice of spraying the Naira and other foreign currencies at public events, stressing that the act amounts to a violation of Nigerian financial laws.
E-Money issued the warning on Thursday, May 1, 2025, via a post on his official Instagram page, where he expressed concern over the widespread abuse of the national currency during social functions. His statement comes on the heels of his reported interrogation by operatives of the Economic and Financial Crimes Commission (EFCC) over allegations of currency misuse at public gatherings.
He reminded Nigerians that the EFCC, Nigeria’s apex anti-graft agency, considers the act of spraying money in public places as currency abuse, which is a punishable offence under Nigerian law.
“Let’s celebrate responsibly and avoid fines. Respect our currency!” he stated in his Instagram post.
E-Money further advised that those who wish to show generosity at parties or other celebrations should do so by placing the money in baskets, bowls, or designated containers rather than throwing it on the floor or at individuals. According to him, such actions would not only show respect for the Naira but also help guests avoid running afoul of the law.
“If you must give money at a party, make sure you put it in a basket or in a bowl or container in front of the person at the party. Don’t drop any currency on the floor,” he added.
He warned that ignorance of the law would not be accepted as a defence if caught engaging in the act, urging Nigerians to educate themselves and others about the implications of violating financial regulations.
The EFCC has in recent times intensified its campaign against the abuse of the Naira, arresting and prosecuting individuals seen mutilating or spraying currency at parties, including public figures and celebrities. The Commission has also partnered with the Central Bank of Nigeria (CBN) to protect the integrity of the Naira and promote responsible financial behaviour among citizens.
E-Money’s statement is seen as a move to align with regulatory expectations and encourage his large fan base and associates to act within the boundaries of the law during celebrations.
The message has since sparked reactions across social media, with many commending him for using his platform to promote financial discipline and lawful conduct.
