Prominent Lagos socialite and businessman, Emeka Okonkwo Daniel, widely known as E-Money, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) over alleged currency abuse.
E-Money was picked up on the night of Monday, April 28, at his residence in the Omole area of Lagos, following allegations that he publicly sprayed U.S. dollars at a social event—an act that contravenes the Foreign Exchange Act and constitutes currency abuse under Nigerian law.
A source within the EFCC confirmed the arrest, stating that preliminary investigations have commenced and that the suspect will face charges upon conclusion of the inquiry.
“He was arrested at his Omole, Lagos residence. Preliminary investigations are ongoing, and he will be charged in court as soon as investigations are concluded,” the official said.
Another EFCC insider revealed that E-Money was flown to Abuja shortly after the arrest for further interrogation.
“Yes, he has been arrested and is being flown to Abuja as I speak, to face investigators on the issue,” the source disclosed.
As of the time of filing this report, the EFCC has yet to release an official statement regarding the arrest. However, the incident adds to a growing list of high-profile Nigerians under scrutiny for currency-related offenses, as the Commission intensifies its clampdown on acts deemed to undermine the integrity of the Naira and the country’s financial regulations.
E-Money, renowned for his flamboyant lifestyle, extravagant public appearances, and strong social media presence, is a well-known figure in Nigeria’s entertainment and business circles. His arrest has already begun generating reactions online, with many Nigerians expressing mixed feelings over the EFCC’s latest move.
