(In nigeria) EFCC has released popular Lagos socialite and businessman, E-Money on Bail After Alleged Naira Abuse

EFCC Releases E-Money on Bail After Alleged Naira Abuse

The Economic and Financial Crimes Commission (EFCC) has released popular Lagos socialite and businessman, Emeka Okonkwo, popularly known as E-Money, on bail. He was detained earlier this week over allegations of currency abuse. A source within the EFCC confirmed to our judiciary correspondent, Shola Soyele, that E-Money was released on Tuesday and is expected to be charged to court soon. The arrest followed reports that E-Money was seen at a public event reportedly spraying and distributing Naira notes and US dollars, an act considered an offense under Nigeria’s Foreign Exchange (Monitoring and Miscellaneous Provisions) Act. E-Money was arrested on Tuesday in the Omole area of Lagos and subsequently taken into custody in Abuja. The EFCC has been tightening measures against individuals accused of misusing the nation’s currency, with singer Terry Apala having been remanded recently over similar allegations.

In related developments, the EFCC also detained Aisha Achimugu at the Nnamdi Azikiwe International Airport in Abuja shortly after her return from London. She was arrested around 5 a.m. on Tuesday, days after the agency declared her wanted over allegations of conspiracy and money laundering. Achimugu’s lawyer, Chikaosolu Ojukwu (SAN), claimed that her arrest was unlawful and contradictory to a court order. He stated that she had voluntarily returned from London under a court undertaking to cooperate but was detained at the airport, which he described as a breach of her rights. Ojukwu also revealed that Achimugu had begun a hunger strike to protest her treatment, calling her a “prisoner of conscience.” The arrest of Achimugu followed a Federal High Court order issued by Justice Inyang Ekwo, requiring her to appear before the EFCC and the court.

See also: (In Nigeria) Davido's Wife Chioma Adeleke Receives Birthday Love from Fans as She Celebrates Her 30th Birthday