NewStats: 3,263,426 , 8,180,082 topics. Date: Thursday, 05 June 2025 at 08:55 PM 5t1n2h

Esteemed Professor Criticizes EFCC Over Dollar-Spraying Crackdown

Cyprian Edward-Ekpo, Director-General of the Institute of Law Research & Development at the United Nations and head of the Universal School of Eclectic Analysis, Legal Research & Law Studies (UNISERL), has criticized the Economic and Financial Crimes Commission (EFCC) for indirectly promoting the practice of spraying dollars at events, thereby exacerbating economic issues in Nigeria.

Commenting on the recent trend of US dollars being circulated at high-profile events in Nigeria, the professor of International Environmental and Public International Law argued that while the EFCC aims to curb the spraying of Nigerian currency at such occasions, it has inadvertently fostered a more significant issue: the dollarization of the economy. Nigerians now prefer spraying dollars to avoid legal consequences, he noted.

Edward-Ekpo, also an author, remarked, "This is a clear indication of the intellectual poverty afflicting our society, particularly when parliament exemplify intellectual disgrace."

Referring to Section 21(3) and sub-section 21(5) of the CBN Act 2007, the internationally renowned law professor voiced his disapproval, arguing that the practice clashes with the traditional African custom of spraying money at events. He insisted that only substances and liquids, not monetary forms like coins or notes, *are capable of being sprayed* .

In his words: “Coins and banknotes are not meant to be sprayed. Only substances and liquids, such as powder, perfume, and water, fit this purpose.”

He further stated, “Such a law is rendered ineffectual and meaningless when evaluated through the lenses of etymology and semantics.”

Concluding his critique, Edward-Ekpo questioned the wisdom of enacting what he deemed an "inordinate law," merely to provide an overzealous government agency with an excuse to abuse power and violate human rights.

The professor dismissed the law prohibiting the circulation of naira at events under the guise of "spraying and mutilation" as an unnecessary legal provision that fails to benefit Nigeria's economy.

https://www.vanguardngr.com/2024/07/varsity-don-criticizes-efcc-over-dollar-spraying-crackdown/

Hmmmm

Prof is right

There should be a fine for spraying any currency apart from naira, as long as it's not on the floor it should be OK.

At this rate dollar no go ever touch ground at all. Our laws have empowered it to fly higher.
In all this wetin pain me be say all of us wey dey house now know our problems and how to solve it but immediately it is "OUR TURN" to govern,we loose our senses and embrace corruption and senseless looting.

The Dull ruling the the Dumb.

Hehw

🤔

This man is dull

So he wants Efcc under Tinubu to actually do their job and go after corrupt politicians..

SMH

Granted that the EFCC has more serious matters to look into like probing NNPC, tracking evil politicians, investigating all the transactions Emefiele had with Dangote etc... The law is still the law and EFCC are doing what the law has asked them to do. DO NOT deface our national symbols for fun

As for the dollarization of the economy, a law should be made to limit the amount of dollars (fx) any individual or company can hold in cash within the country. For example, if you are caught with any amount above say $100, you will be charged for money laundering and be made to forfeit thrice the amount in question with $1000 as the minimum fine (whichever is larger)

poiZon:

Will this law be for the rich or the poor?

Everybody! As long as there is evidence

Every rule should be applied to all currency

From one problem to another.

Ok

zombieHUNTER:


This man is dull

So he wants Efcc under Tinubu to actually do their job and go after corrupt politicians like Atiku, PitObi, etc.

SMH

Tinubu gets the award for assembling the dumbest Nigeria had to offer all because of tribalism and bigotry >:

Shouldn't be a priority anyway

When the head is rotten.

People that have dollar don't care why you come dey do them?

Unlimitedwords:
Esteemed Professor Criticizes EFCC Over Dollar-Spraying Crackdown



https://www.vanguardngr.com/2024/07/varsity-don-criticizes-efcc-over-dollar-spraying-crackdown/

very intelligent prof

I don’t agree with this prof . Nigerians will spray rice if it has enough value . It doesn’t matter what EFCC outlaws . Trust me if they ban dollars , pounds and Euros Nigerians will still look for a currency or something of value to spray .

This is a systemic problem that has affected Nigerians home and abroad . Nigerians are like that . Solution ? Well whoever finds a solution that Nigerians love and makes the government relaxed will make a fortune

Ok sir

the cobra effect. they ended up making a bad situation worse.

no comment

They should restrict their flexing of power to just the Naira which is our national currency

EreluRoz:
Every rule should be applied to all currency

No, I don't agree with that

Mr Ekpo you are right but I don't think they will listen

How is that EFCC fault?

shortgun:
Tinubu gets the award for assembling the dumbest Nigeria had to offer all because of tribalism and bigotry >:

Keep wailing obirodent miscreant