EFCC Summons Subomi and Wahab Okoya Over Alleged Naira Abuse

The Economic and Financial Crimes Commission (EFCC) has summoned Subomi and Wahab, the sons of billionaire industrialist Razaq Okoya, for questioning over alleged abuse of the naira.

In an invitation signed by Michael Wetkas, acting director of the EFCC’s Lagos directorate, the Okoya brothers were directed to report to the head of the special operations team at the commission’s office on 15A Awolowo Road by 10 am on Monday, January 13, 2025.

The brothers made headlines for “abusing the naira” in a promotional video for a new song. The video, which featured a police officer holding stacks of N1,000 notes while the brothers danced around, sparked outrage on social media.

On January 10, Muyiwa Adejobi, spokesperson for the Nigeria Police Force (NPF), confirmed that the officer involved had been arrested and detained for disciplinary action, calling the officer’s actions unethical.

The EFCC has intensified its crackdown on naira abuse, citing Section 21 of the Central Bank of Nigeria (CBN) Act. In 2024, the commission arrested social media celebrities Bobrisky and Cubana Chief Priest for similar offenses.