The Economic and Financial Crimes Commission (EFCC) has arrested popular Lagos socialite, Emeka Okonkwo, widely known as E-Money, over alleged abuse of the Nigerian currency.
Sources disclosed that the arrest was carried out by EFCC operatives on Monday night at his residence in Lagos.
E-Money is being investigated for allegedly spraying the Naira and defacing foreign currency, particularly the US dollar, during a recent social event in Lagos — an act considered an offence under the Central Bank of Nigeria (CBN) Act and the Foreign Exchange laws.
Following his arrest, the businessman was reportedly flown to Abuja where he is currently being interrogated by investigators.
EFCC officials confirmed that preliminary investigations are ongoing, and E-Money may be formally charged to court upon conclusion of the probe.
When contacted, the Commission’s spokesperson, Dele Oyewale, declined to comment on the development. However, reliable sources within the anti-graft agency confirmed the arrest and ongoing investigation.
Details of the specific event where the alleged offence took place have not been made public as of press time.
