EFCC Arrests Lagos Socialite E-Money for Alleged Naira Abuse

The Economic and Financial Crimes Commission (EFCC) has taken into custody well-known Lagos socialite, Emeka Okonkwo Daniel, popularly known as E-Money, over allegations of Naira abuse.

According to reports, the arrest occurred on Monday night at his residence located in the Omole area of Lagos.

Sources within the EFCC disclosed on Tuesday that E-Money was apprehended for allegedly spraying U.S. dollars, an act believed to contravene the Foreign Exchange Act.

“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,” a source confirmed.

Another official, who also verified the arrest, revealed that E-Money is currently being transported to Abuja for further interrogation.

“Yes, he has been arrested and is being flown to Abuja as I speak, to face investigators on the issue,” the source stated, requesting anonymity as they were not authorised to speak publicly.

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