Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested popular Lagos socialite Emeka Okonkwo Daniel, widely known as E-Money, over allegations of Naira abuse and the unlawful spraying of foreign currency.
According to sources, E-Money was taken into custody on Monday night at his residence in the Omole area of Lagos. He is accused of spraying U.S. dollars at a public event—an act considered a violation of Nigeria’s Foreign Exchange Act.
An EFCC official revealed: “We apprehended E-Money on Monday night for allegedly abusing the Naira and defacing foreign currency. He was specifically reported to have sprayed U.S. dollars, which contravenes the Foreign Exchange Act. Investigations are currently underway, and he will be charged to court once they are concluded.”
Another source within the agency confirmed that E-Money was being flown to Abuja for further questioning, stating, “Yes, he has been arrested and is currently en route to Abuja to face investigators.”
EFCC spokesperson Dele Oyewale declined to provide any official comment on the matter when contacted.