By Muhammad Mamman
Legal adviser to Nigeria’s Economic and Financial Crimes Commission (EFCC), Wahab Shittu, SAN, has urged Nigerians to refrain from abusing or mishandling the naira, emphasising that such actions carry serious legal consequences, regardless of intent or public perception.
Mr Shittu made the remarks during an awareness seminar attended by a wide cross-section of stakeholders including filmmakers, musicians, media professionals, non-governmental organisations, bureau de change operators, and legal practitioners.
Speaking on the importance of preserving the integrity of the national currency, Mr Shittu stressed that ignorance of existing legislation—such as provisions under the Central Bank of Nigeria (CBN) Act 2007—does not excuse violations.
“Many people are unaware that actions such as spraying naira notes at events, stepping on them, mutilating or writing on the currency, and even trading in notes or coins outside approved financial institutions, are offences under Nigerian law,” he stated. “These acts, commonplace at weddings, clubs, and parties, could result in arrest, prosecution, and imprisonment.”
The senior lawyer noted that Nigeria’s stance on currency protection is consistent with international norms, citing similar legal frameworks in countries including the United Kingdom, the United States, India, Singapore, and South Africa.
“The CBN Act provides clear legal backing against various forms of naira abuse, from stapling to defacement,” he explained. “Respecting the naira is a civic duty and a legal requirement.”
Addressing culturally embedded practices such as the ‘spraying’ of money at social gatherings, Mr Shittu advised citizens to adopt lawful alternatives. These include presenting cash gifts in envelopes or depositing funds into designated accounts of celebrants.
“Celebratory intent does not justify breaking the law,” he remarked. “By simply packaging monetary gifts discreetly or opting for electronic transfers, we can celebrate responsibly without risking legal penalties.”
The EFCC continues to work with partners across sectors to enhance public understanding of currency-related laws and to reinforce respect for the naira as a national symbol.
