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Naira Abuse: Excitement among Nigerian youths as EFCC offers whistleblowers 5% reward

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To bolster its campaign against the abuse of the naira, the Economic and Financial Crimes Commission (EFCC) has announced a 5% reward for whistleblowers who provide credible information leading to the prosecution of offenders.



Dele Oyewale, spokesman for the EFCC, revealed this during his appearance on the EFCC 97.3FM Abuja talk show yesterday.

Oyewale emphasized the commission’s dedication to enforcing the law and safeguarding the economy from the detrimental effects of naira abuse.

He explained that the 5% reward is intended to encourage whistleblowers to come forward with information that would help in prosecuting offenders.

“There’s a reward if you report anyone spraying the Naira. That is whistleblowing. The whistleblowing act offers 5% reward of whatever amount that is involved to whoever offers credible information that can stand the rigour of prosecution and not derived from malice and mischief,” Oyewale declared.

He added that since the inception of the task force on naira abuse and dollarization, the EFCC had already secured nearly 50 convictions nationwide.

The EFCC spokesman emphasized that rejecting the naira as legal tender is a criminal offense, and those found guilty would face the full wrath of the law.

While noting that the commission was working tirelessly to promote the use of the naira in the economy, as the widespread use of foreign currencies was detrimental to the country’s economic growth.

Oyewale said:  “It is a crime to reject the naira. If there’s nothing wrong with the naira, maybe it’s dirty and not mint, and you reject it; it is a crime.

“The naira is the symbol of our economy. We are a sovereign nation, with our own territorial integrity, so, whatever is within the ambit of our economy and every transaction in Nigeria must be done in naira.”

See reactions below;

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official_akuamia: See update 😂 I Dey start work tomorrow 😂😂😂😂.

bishopnadinefreeman: Omo see new job for youth 😮.

estu_nupe: I do pay before service 😂😂😂.

hamisu_yakub: Enemies cleaning their shoes to go to work 😂😂.

official_umoneyp: 5% reward the money they recovered.

theonly.alola: This country is something else, EFCC Dey get middle man 😂😂😂.

acenaija: Enemies are about to get to work 😂😂.

sir_.nero: End of wedding and occasion doings . For those wey no Dey hear word.

c.j_brown147: Wedding Steeze is gone😢😢😢.

ay_rick01: Dem go don chop cubana 10m bail and other funds out of court 😂.

elvisblackly: This country na scam believe me some useless people go still really go report ooh money matter.

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