The Economic and Financial Crimes Commission (EFCC) has apprehended well-known Lagos socialite, Emeka Okonkwo Daniel, popularly known as E-Money, over alleged abuse of the Naira.
E-Money was reportedly arrested on Monday night at his home in the Omole area of Lagos.
According to EFCC sources on Tuesday, the arrest was linked to accusations that E-Money had sprayed U.S. dollars at a public event, an act considered a breach of the Foreign Exchange Act.
One of the officials stated, “We arrested E-Money on Monday night for alleged abuse of the Naira and defacing of foreign currency. He was specifically accused of spraying U.S. dollars, which violates the Foreign Exchange Act.
“He was picked up at his residence in Omole, Lagos. Investigations have commenced, and he will be arraigned once the process is completed.”
Another source confirmed to our correspondent that E-Money is being transported to Abuja for further interrogation.
The source, who requested anonymity due to not being authorized to speak to the media, said, “Yes, he has been arrested and is currently en route to Abuja to meet with investigators handling the case.”
When reached for comment, EFCC spokesperson Dele Oyewale declined to make any statement regarding the arrest.
