The Economic and Financial Crimes Commission (EFCC) has summoned Wahab and Raheem Okoya, sons of billionaire businessman Chief Razaq Okoya, over alleged abuse of the naira.
The brothers are to report to the EFCC’s Lagos office on Monday, January 13, 2025, for questioning after a video surfaced showing them flaunting and spraying bundles of ₦1,000 notes in a promotional clip for Raheem’s new song, Credit Alert.
In the video, the brothers, clad in white agbadas, are seen dancing as a mobile policeman holds stacks of naira notes, which they spray into the air. The act sparked public outrage, with many condemning it as a violation of the Central Bank of Nigeria’s (CBN) regulations on naira handling.
Police Officer Detained
Nigeria Police Force Spokesperson Muyiwa Adejobi confirmed that the officer in the video had been identified and detained for his role in the incident.
EFCC’s Invitation
In an official letter signed by Michael Wetkas, Acting Director of the Lagos Directorate of the EFCC, the Okoya brothers have been directed to appear before the Head of the Special Operations Team at the commission’s office on Awolowo Road, Lagos, by 10 a.m.
EFCC Head of Media and Publicity, Dele Oyewale, confirmed the development, stating, “Yes, they have been invited.”
Apology from Raheem Okoya
Amidst the backlash, Raheem Okoya issued a public apology via his X (formerly Twitter) account, saying,
“To the Nigerian people, my actions were not intended to cause any trouble or harm. My intentions were pure and naive. I ask for your forgiveness and support as I had no intention of raising such an alarm. I wasn’t fully aware of the consequences of my action.”
This incident has reignited public concerns about accountability and the enforcement of laws concerning naira abuse, especially when influential figures are involved.
 has summoned Wahab and Raheem Okoya, sons of billionaire businessman Chief Razaq Okoya, over alleged abuse of the naira.){kind=link}