The Economic and Financial Crimes Commission (EFCC) has arrested popular Lagos socialite Emeka Okonkwo Daniel, widely known as E-Money, on charges of violating foreign currency regulations and allegedly abusing the Naira. The arrest took place on Monday night at E-Money’s residence in the Omole area of Lagos.
EFCC sources revealed that E-Money is accused of spraying U.S. dollars, which violates the Foreign Exchange Act. “He was arrested for defacing foreign currencies, specifically U.S. dollars,” said one source.
Following the arrest, E-Money was transported to Abuja for further questioning. Investigators are expected to pursue the case, with E-Money facing potential court charges once investigations conclude.
EFCC spokesperson Dele Oyewale declined to release further details regarding the arrest or investigations. This arrest highlights concerns about currency abuse and the enforcement of foreign exchange laws in Nigeria.
