The Economic and Financial Crimes Commission (EFCC) has been actively working to combat financial malpractices and currency abuse in Nigeria and eelive.ng has complied five high-profile cases that have garnered significant attention:
1. Bobrisky (Idris Okuneye)
In April 2024, popular internet personality and cross-dresser Bobrisky was arrested and arraigned by the EFCC for allegedly abusing the Nigerian currency. Bobrisky pleaded guilty to four counts of currency mutilation and was sentenced to six months imprisonment.
2. Ajayi Oluwabukola Temitope
In August 2024, Ibadan-based businesswoman Oluwabukola Temitope Ajayi was arrested by the EFCC over allegations of ₦25 million fraud. According to reports, Ajayi collected money from multiple clients under the pretense of supplying soft drinks but failed to deliver the goods. The EFCC launched an investigation following multiple complaints from victims.
3. Cubana Chief Priest (Pascal Okechukwu)
Celebrity barman Pascal Okechukwu, popularly known as Cubana Chief Priest, faced EFCC charges in April 2024 for spraying and defacing ₦500 notes during a social event. Cubana Chief Priest pleaded not guilty and was granted bail. The case concluded with a ₦10 million forfeiture and public sensitization campaigns against currency abuse.
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4. Aisha Achimugu
On April 29, 2025, businesswoman Aisha Sulaiman Achimugu was arrested by the EFCC upon her return from London. The arrest was made due to undisclosed allegations of financial infractions. Achimugu’s legal team described the arrest as unjust, stating that she returned to Nigeria voluntarily and began a hunger strike while in custody.
5. Emeka Okonkwo (E-Money)
In April 2025, music executive Emeka Okonkwo, known as E-Money, was arrested by EFCC operatives for allegedly abusing the naira and violating the Foreign Exchange Act. According to reports, E-Money was picked up at his residence in the Omole area of Lagos, and investigations into his conduct are ongoing.
These cases demonstrate the EFCC’s commitment to enforcing financial regulations and addressing currency abuse in Nigeria. As the commission continues to investigate and prosecute financial malpractices, it serves as a reminder of the importance of compliance and respect for the law.