How ban on naira spraying affects our business

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Following the ongoing trials of naira abusers, vendors and event planners have decried its effect on the event industry. They lamented that the ban had killed the fun and glamour at social functions, thereby affecting their trade negatively.

DAILY POST reports that the Economic and Financial Crimes Commission, EFCC, recently intensified its crackdown on individuals who abuse naira notes. A Federal High Court, sitting in Ikoyi, Lagos, on Friday, April 12, 2024, sentenced Idris Okuneye, a.k.a Bobrisky, to six months imprisonment with no option of fine over mutilation of the Naira notes. A few days after, the anti-graft agency arraigned a socialite, Pascal Okechukwu, a.k.

Ayedun-Solate spoke in Abeokuta, Ogun State capital, at the weekend. She said, partygoers, musicians and event planners have invented other means of 'spraying naira' at parties for fear of being arrested and prosecuted. The event planner applauded the EFCC for protecting the naira notes, insisting that Nigerians don't have to abuse the naira to display their affluence at social gatherings.

 

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