- Oluwo of Iwoland criticizes EFCC’s focus on litigating naira abuse cases, emphasizes cultural significance of money spraying among Yoruba, Igbo
- He urges EFCC to prioritize public awareness on naira abuse consequences, advocates for education campaigns before punitive measures, and calls for stringent punishment
In a recent statement, Oba Abdul Rasheed Adewale Akanbi, the Oluwo of Iwoland, criticized the Economic and Financial Crimes Commission (EFCC) for its focus on prosecuting naira abuse cases, deeming it a misplaced priority.
The monarch emphasized the cultural significance of money spraying among the Yoruba and Igbo communities, attributing it to a cultural spirit that compels lavish spending during celebratory moments.
Oluwo stressed the importance of public awareness regarding the consequences of naira abuse, suggesting that educating the populace on potential penalties would serve as a deterrent. He urged the EFCC to prioritize comprehensive enlightenment campaigns on responsible naira handling before resorting to punitive measures.
While acknowledging the EFCC’s efforts in recovering stolen funds, Oluwo urged caution in their approach and emphasized the need for redirection towards public education on naira handling practices and the repercussions for violators.
He advocated using print and electronic media platforms to disseminate information about actions constituting naira abuse and the corresponding penalties. Oluwo believes that increasing public awareness will deter individuals from engaging in abusive practices and empower the EFCC to identify and prosecute offenders effectively.
Furthermore, the royal father called for stringent punishment, including capital punishment, for corrupt officials, emphasizing the severity of the consequences of financial misconduct.
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