Friday, June 12, 2026
FB X LI YT
Breaking
Otunba Bimbo Ashiru, Group Chairman of Oodua Investment Company Limited, speaks at the Think Yoruba First 4th Global Conference. A proud moment for Yoruba land as he addresses the gathering on regional unity and progress. Representative from the DAWN Commission speaks at the Think Yoruba First 4th Global Conference, addressing the gathering on regional integration, collaboration with Think Yoruba First, and the future of Yoruba land in a multipolar world. The event was held in partnership with the DAWN Commission. Otunba Deji Osibogun, Convener of Yoruba Koya Leadership and Training Foundation, speaks at the Think Yoruba First 4th Global Conference. He addressed the gathering on leadership development, grassroots mobilisation, and the urgent need to build the next generation of Yoruba leaders. Oba Francis Olusola Alao, the Olugbon of Orile-Igbon Kingdom, speaks at the Think Yoruba First 4th Global Conference. The royal father spoke on the critical role of traditional institutions in securing the nation and praised Think Yoruba First for their tireless work in advancing the cause of Yoruba land, declaring that the movement is the future of Yoruba progress and unity. “No One Is More Qualified Than Me” – Senator Dickson Declares Obi Not Doing NDC Any Favour Caribbean Nation Opens Doors: Grenada Grants Nigerians Visa-Free Access, Seeks Direct Flights and Investment Economic Invasion, Physical and Psychological Warfare on Yoruba Land Of Meekness And Majesty: A Centennial Tribute to Pa Reuben Fasoranti – By Chief Ademola Folarin, Afenifere Secretary General
NEWS

Naira Abuse Attracts Imprisonment, NOA Warns Ogun Monarch

January 16, 2024 • 2 min read

The National Orientation Agency has issued a strict warning to the Olu of Owode-Egba, Oba Aremo Sowemimo, for abusing the naira notes during his 13th anniversary of ascension to royal stool.

Sowemimo, in a viral video, was seen spraying the naira notes on a musician during the ceremony.

He was also seen decorating the musician with N1000 notes that he had made into a garland.

Reacting to the video in a statement signed and directed to the monarch on Tuesday, Director-General, NOA, Lanre Issa-Onilu, said the display was an abuse of the national currency that attracted imprisonment, fines or both.

“We call your attention to an online video where a garland of the national currency was used by you to spray one of the musicians who played at the event. Sir, for us, that was an abuse of one of the national symbols of our dear country.

“The NOA has the mandate to preserve and promote the integrity of our national symbols and we are compelled to appeal to you and indeed all traditional rulers to see it as part of your duty to preserve these symbols as part of our national culture. These symbols are icons that define us as a sovereign nation and respect for them mean also respect for our country,” Issa-Onilu said.

He noted that the monarch’s action was punishable under the law.

Issa Onilu said: “Section 21 (3) of the Central Bank of Nigeria Act 2007 (as amended) stipulates that spraying of, dancing or matching on the naira or any note issued by the bank during social occasions or otherwise, howsoever shall constitute abuse and defacing of the naira or such note and shall be punishable under the law by fines or imprisonment or both.”

The NOA director-general, however, called on the monarch to join the agency in the fight against indiscriminate abuse of the currency.

“We implore you, sir, to join the NOA in finding a solution to the indiscriminate abuse of the currency by enlightening your community members on the legal consequences of the abuse of the Naira and promoting the integrity of all our national symbols,” the NOA boss stated.