- The Crime: Spraying and stepping on Naira notes in a TikTok video.
- The Charge: Currency mutilation, a serious offense under the Central Bank Act.
- The Verdict: Convicted in Federal High Court, Ibadan.
- The Punishment: A hefty fine of N50,000 each!
TikTok Trend Gone Wrong
Social media fame can be tempting, but these influencers found out the hard way that some lines shouldn’t be crossed. Bukola Arike Rufai and Abdulateef Ayinde Jimoh thought it would be cool to flaunt their wealth by spraying and trampling on Naira notes in a video posted on TikTok. Big mistake!
EFCC Pounces on Naira Abusers
The Economic and Financial Crimes Commission (EFCC) didn’t find the stunt amusing. They swiftly arrested and prosecuted the duo for currency mutilation. According to the EFCC, the influencers violated Section 21 (3) of the Central Bank Act 2007, which prohibits any form of abuse or defacement of the Naira.
The Day in Court
Justice Uche Agomoh presided over the case at the Federal High Court in Ibadan. The influencers pleaded guilty, and the prosecution presented the damning TikTok video as evidence. The defense pleaded for leniency, arguing that the influencers were first-time offenders and remorseful.
Justice Served (with a Price Tag)
Justice Agomoh convicted the influencers but opted for a fine of N50,000 each instead of a prison sentence. A costly lesson for a few moments of TikTok fame!
What the Law Says About Naira Abuse
Did you know that abusing the Naira is a crime in Nigeria? The Central Bank Act of 2007 makes it illegal to:
- Spray, dance, or match on Naira notes
- Write on Naira notes
- Tear or deface Naira notes in any way
Offenders can face fines, imprisonment, or both! The CBN has been trying to sensitize the public about this law. According to a CBN source, the law is there to protect Nigeria’s currency.
Spraying Money at Parties: A Cultural Norm Under Scrutiny
Spraying money at parties is a common sight in Nigeria, but authorities are cracking down on the practice. While it’s often seen as a harmless display of celebration, it contributes to the abuse and defacement of the Naira. It is a tradition that is deeply rooted in many Nigerian cultures.
The Bigger Picture: Protecting Nigeria’s Currency
The EFCC’s action against the social media influencers sends a strong message: the Naira must be respected. The Central Bank of Nigeria (CBN) has been working hard to maintain the integrity of the currency, and these convictions are part of that effort. According to Premium Times, the CBN is serious about fighting naira abuse.
Don’t Be the Next Example!
Think twice before you handle Naira notes carelessly. Whether it’s for a TikTok video or a party stunt, remember that abusing the Naira can land you in serious trouble with the law!
About The Author
