Breaking…EFCC arrests Lagos socialite E-Money

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 violations of the Foreign Exchange Act.

E-Money was reportedly picked up on Monday night at his luxurious residence in the Omole area of Lagos.

According to sources within the commission, his arrest was linked to videos circulating online showing him spraying U.S. dollars at public events—a practice prohibited under Nigerian law.

One of the sources said, “On Monday night, we arrested E-Money for Naira abuse and defacing foreign currencies. Specifically, he was alleged to have sprayed U.S. dollars, which is against the Foreign Exchange Act.

“He was arrested at his Omole, Lagos residence. Preliminary investigations are ongoing, and he will be charged to court as soon as investigations are concluded.”

Another source who confirmed his arrest to our correspondent stated that E-Money is currently being flown to Abuja for questioning.

The source, who is not authorised to speak to the press, said, “Yes, he has been arrested and is being flown to Abuja as I speak, to face investigators on the issue.”

When contacted, EFCC spokesperson Dele Oyewale declined to comment on the matter.

(Punch)