March 18, 2025

EFCC Arrests Kelly Okungbowa for Alleged Naira Abuse

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EFCC Arrests Kelly Okungbowa for Alleged Naira Abuse
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…As Edo PDP commends commission for swift arrest, urges thorough investigation, diligent prosecution

By Simeon OSAJIE

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Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, (EFCC), today Monday March 17, 2025 arrested Kelly Okungbowa (a.k.a. Ebo Stone) for alleged naira abuse.

In a press statement signed by
Dele Oyewale Head, Media and Publicity stated that Okungbowa, who until recently was the coordinator of the Edo State Public Safety Response Team, (PSRT), now suspended by the State Government, was arrested owing to a viral video where he was seen spraying and mutilating the Naira at a bar on March 9, 2025.

According to Oyewale, he will be charged to court as soon as investigations are completed.

Meanwhile, the Edo State Chapter of the Peoples Democratic Party (PDP) has commended the Economic and Financial Crimes Commission (EFCC) for the swift arrest of Kelly Okungbowa, also known as Ebo Stone for alleged naira abuse.

In a statement, Publicity Secretary of the Edo State Peoples Democratic Party (PDP) Caretaker Committee, Chris Osa Nehikhare, charged EFCC on thorough investigation and diligent prosecution in accordance with the CBN Act of 2007 which criminalises the abuse of naira notes.

Nehikhare said, “The Edo State Chapter of the Peoples Democratic Party (PDP) commends the Economic and Financial Crimes Commission (EFCC) for the swift arrest of Kelly Okungbowa, also known as Ebo Stone for alleged naira abuse.

“The swift arrest of Okungbowa who was seen in a viral video spraying and mutilating the Naira sends a strong message that such criminal and irresponsible actions will not be tolerated, regardless of the perpetrator’s position or influence.

“We charge the EFCC to carry out thorough investigation on the matter and ensure diligent prosecution in accordance with the CBN Act of 2007 which criminalises the abuse of naira notes, including spraying, stepping on, or mishandling.”

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