After being charged at Lagos’ Federal High Court, Okechukwu was given bail for 10 million naira ($8,600; £6,970).
Okechukwu, who owns a popular nightclub in Nigeria’s oil-rich Delta State, addressed his five million Instagram followers after his court appearance.
Tagging his location as the federal court, he wrote: “Seeing all your messages & love I’m so humbled.”
Just two weeks ago, popular internet personality Bobrisky was sentenced to six months in prison for a similar offence.
The judge said that “the act of mutilating the naira notes has become a menace, which has continued to damage the image of the country”.
In February, actress Oluwadarasimi Omoseyin was also sentenced to six months in prison for spraying and stepping on new naira notes.
On Sunday, the EFCC said that several celebrities were being investigated for allegedly abusing the notes, and “many of them have made useful statements” to investigators.
The agency said 200 people across the country face prosecution, while 24 people have already been convicted.
