The Economic and Financial Crimes Commission (EFCC) has arrested Lagos socialite Emeka Okonkwo, popularly known as E-Money, over alleged ab¥se of the Naira.
Sources revealed that E-Money was taken into custody by EFCC operatives at his Lagos residence on Monday night. He is accused of spraying US dollars at a social event in Lagos—an act that violates Nigeria’s Foreign Exchange Act—and allegedly defacing the Naira.
According to the EFCC, preliminary investigations are underway, and the commission intends to prosecute him once inquiries are complete. E-Money has reportedly been flown to Abuja for further interrogation.
Although the EFCC spokesperson, Dele Oyewale, declined to comment, internal sources confirmed the arrest and ongoing probe.
