News Update

THE Economic and Financial Crimes Commission (EFCC) has arrested Lagos socialite Emeka Okonkwo, popularly known as E-Money, over alleged abuse of the Naira.

E-Money was taken into custody by EFCC operatives at his Lagos residence on Monday night.

He is accused of spraying US dollars at a social event in Lagos—an act that violates Nigeria’s Foreign Exchange Act—and allegedly defacing the Naira.

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According to the EFCC, preliminary investigations are underway, and the commission intends to prosecute him once inquiries are complete. E-Money has reportedly been flown to Abuja for further interrogation.

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