Emeka Okonkwo Daniel, popularly known as E-Money, a Lagos socialite and businessman, has been arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly abusing the Naira and US dollar notes.
The arrest occurred on Monday night at his residence in the Omole area of Lagos State. According to reports, E-Money was arrested for spraying US dollars at an event, which is said to violate Nigeria’s Foreign Exchange Act.
He is currently being held for questioning and will be charged to court once investigations are concluded.
The EFCC has confirmed the arrest, with spokesperson Dele Oyewale stating that the report is true.
This development is part of the EFCC’s ongoing efforts to combat Naira abuse, following similar arrests and charges against other celebrities, such as singer Terry Apala, who was remanded over allegations of Naira abuse.
