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You are at:Home»Breaking News»EFCC arrests E-Money for ‘naira abuse, dollar spraying’
Breaking News

EFCC arrests E-Money for ‘naira abuse, dollar spraying’

DailyblastBy DailyblastApril 29, 202502332 Mins Read
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Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested popular businessman E-Money over allegations of naira abuse and defacement of foreign currencies.

The socialite, born Emeka Okonkwo Daniel, was arrested at his Omole, Lagos residence in the late hours of Monday.

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E-Money’s arrest was said to have stemmed from a viral video showing him spraying American dollars at a social event, an act that violates the Foreign Exchange Act.

An EFCC insider revealed that preliminary investigations are ongoing, and he will be charged to court as soon as the probe is concluded.

One source within the commission explained, “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.”

Another source, who confirmed the arrest, told reporters that E-Money is currently being transported to Abuja for questioning regarding the matter.

This source, who wished to remain anonymous, stated, “Yes, he has been arrested and is being flown to Abuja as I speak, to face investigators on the issue.”

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