In a statement by Alli Ibrahim, his press secretary, Oluwo described the recent onslaught by the Economic and Financial Crimes Commission, EFCC, against people who abuse the naira as a misplaced priority. Oluwo charged EFCC operatives to undertake a comprehensive enlightenment for Nigerians on naira handling before enforcing penalties. The statement reads: “There is a cultural spirit in Yoruba that forces you to spend money uncontrollably at your exciting moment.
There is a cultural spirit in Yoruba that forces you to spend money uncontrollably at your exciting moment. I’m sure the spirit will be tamed when people have public knowledge of possible penalties for naira abuse. The commission should not place the cart before the horse. “EFCC should use both print and electronic media to enlighten the public on those acts constituting naira abuse and spell out penalties.
Oluwo Of Iwoland
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lagos has only one Ohaneze Ndi-Igbo President — Igbo leadersA Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Enter into covenant with God, reap abundance of mercy, Akanbi tells ChristiansThe General Overseer of God’s Mercy Revival Ministries (GOMERM), Lagos, Dr. James Akanbi, has called on Christians to enter into
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Efforts to Save Igbo Language from ExtinctionThe Centre for Igbo Studies at the University of Nigeria, Nsukka, is determined to prevent the Igbo language from disappearing. Blaming parents for the decline in knowledge of the mother tongue among children, the center has organized the 2nd World Igbo Conference to address the issue and promote Igbo culture and heritage.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Bobrisky Charged with Naira Abuse and Money LaunderingIdris Okuneye, popularly known as Bobrisky, has been charged by the EFCC with Naira abuse and money laundering. The more serious money laundering charge was dropped, leaving him with the charge of Naira abuse. This highlights the issue of Naira abuse in Nigeria and the government's failure to protect the currency.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Naira makes huge recovery, gains 7.2% against dollarThe Nation Newspaper Naira makes huge recovery, gains 7.2% against dollar
Source: TheNationNews - 🏆 6. / 69 Read more »
Oluwo cautions EFCC over naira abuse arrests, advocates public enlightenmentOluwo of Iwoland, Oba Abdulrosheed Adewale Akanbi, has urged the EFCC to enlighten Nigerians on naira abuse before making arrests.
Source: vanguardngrnews - 🏆 5. / 75 Read more »