Nigeria’s Economic and Financial Crimes Commission (EFCC) has announced a 5% reward for citizens who report Naria note sprayers. The initiative, aimed at promoting financial discipline and discouraging the abuse of the national currency, seeks to enlist public cooperation in identifying and bringing offenders to justice.
According to the EFCC, the practice of spraying Naira notes, commonly seen at weddings and other celebrations, not only violates Nigerian laws but also devalues the currency and undermines the nation’s economic integrity. The agency emphasized that these acts contribute to inflation and disrespect the country’s legal tender.
EFCC Chairman, Abdulrasheed Bawa, stated that the reward system is part of a broader strategy to engage the public in the fight against financial crimes. “By offering a financial incentive, we are encouraging Nigerians to be vigilant and proactive in safeguarding the Naira. This collaboration is crucial in our efforts to maintain economic stability and uphold the dignity of our currency.”
The EFCC clarified that reports can be made anonymously through their hotline and official website. Upon verification of the information and successful prosecution of the offenders, the whistleblower will receive 5% of the recovered funds.
This initiative has garnered mixed reactions from the public. Some applaud the move as a necessary step to instill discipline, while others express concern about potential abuses of the whistleblowing system.
As the EFCC intensifies its campaign, it remains to be seen how effective this monetary reward will be in curbing the culturally ingrained practice of spraying Naira notes. The agency, however, remains optimistic that with public support, significant progress can be made in preserving the value and respect of Nigeria’s currency.
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