Popular Lagos socialite and businessman, Emeka Okonkwo Daniel, widely known as E-Money, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) over alleged abuse of the Naira and defacement of foreign currencies.
According to EFCC sources, E-Money was picked up on Monday night at his residence in Omole, Lagos, following allegations that he sprayed United States dollars at public events — a practice said to contravene provisions of the Foreign Exchange Act.
“He was arrested for Naira abuse and defacing foreign currencies, specifically for spraying U.S. dollars,” an EFCC source confirmed to Punch Newspaper.
E-Money Flown to Abuja for Further Investigation
Sources further disclosed that the socialite has been flown to Abuja for additional questioning and is currently undergoing preliminary investigations.
“Yes, he has been arrested and is being flown to Abuja as I speak, to face investigators on the issue,” a source familiar with the case told Punch.
Possible Court Charges Ahead
The EFCC has indicated that charges will be filed once investigations are concluded.
“He will be charged to court as soon as investigations are completed,” another source noted.
E-Money, known for his flamboyant lifestyle and high-profile presence in Nigeria’s entertainment and social circles, has not issued a public statement regarding the arrest at the time of this report.
