Wednesday, December 17th 2025

Why we arrested E-Money -EFCC


Why we arrested E-Money -EFCC
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The Economic and Financial Crimes Commission (EFCC) has arrested Lagos socialite Emeka Okonkwo, known as E-Money, over allegations of mishandling naira and dollar banknotes.

“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,” an EFCC source revealed.

It was gathered that E-Money is being transported to Abuja for further questioning.

According to reports, EFCC operatives apprehended E-Money at his home in the Omole area of Lagos State on Monday night. The arrest follows allegations that he sprayed US dollars at a public event, contravening the Foreign Exchange Act.

The EFCC has reportedly taken E-Money to Abuja for further questioning.

 

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