(In Nigeria) EFCC Arrests Lagos Socialite E-Money Over Alleged Naira Abuse

 

EFCC Arrests Lagos Socialite E-Money Over Alleged Naira Abuse

The Economic and Financial Crimes Commission (EFCC) has detained Lagos-based socialite, Emeka Okonkwo Daniel, popularly known as E-Money, over allegations of abusing the Naira.

E-Money was reportedly arrested on Monday night at his residence in the Omole area of Lagos. Sources within the EFCC disclosed that the arrest stemmed from his alleged act of spraying US dollars—a practice considered a violation of the Foreign Exchange Act.

A source explained, “He was arrested for Naira abuse and defacing foreign currencies, specifically for spraying US dollars, which is against the Foreign Exchange Act.” The EFCC confirmed that preliminary investigations are ongoing, and E-Money is expected to be charged in court once these are concluded.

Another source, speaking on condition of anonymity, indicated that E-Money is being flown to Abuja for questioning. As of now, the EFCC has not issued an official statement regarding the arrest. 

See also:(In Nigeria) Businesswoman Aisha Achimugu Arrested at Abuja Airport in EFCC Probe Over Alleged Money Laundering