Lagos Socialite E-Money Arrested By EFCC For Alleged Currency Abuse
Operatives of the Economic and Financial Crimes Commission (EFCC) have apprehended popular Lagos socialite Emeka Okonkwo Daniel, commonly known as E-Money, for allegedly violating currency regulations. His arrest took place on Monday night at his residence in the Omole area of Lagos.
According to sources within the commission, E-Money is accused of spraying U.S. dollars at an event, an action believed to contravene the Foreign Exchange Act. One source reported, “E-Money was arrested for abusing the Naira and defacing foreign currencies by spraying U.S. dollars, which is prohibited under the Foreign Exchange Act.”
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He was taken into custody at his home, and preliminary investigations are currently underway. Authorities indicated that he would be charged in court once the investigation is complete.
Another insider revealed that E-Money is being transported to Abuja for further questioning regarding the allegations. This source, who requested anonymity, confirmed, “Yes, he has been arrested and is being flown to Abuja for interrogation with investigators.”
When approached for comment, EFCC spokesperson Dele Oyewale declined to provide any information on the matter.
