Operatives from the Economic and Financial Crimes Commission (EFCC) have arrested popular Lagos socialite and businessman, Emeka Okonkwo Daniel, popularly called E-Money, for allegedly misusing the Naira notes.
Sources within the commission said on Tuesday that E-Money was arrested on Monday night at his residence in the Omole area of Lagos for allegedly spraying United States dollars, an act said to violate the Foreign Exchange Act.
“On Monday night, we arrested E-Money for Naira abuse and defacing foreign currencies. Specifically, he was alleged to have sprayed US 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 in court as soon as investigations are concluded,” the source said.
Another source who pleaded anonymity stated that E-Money was being flown to Abuja for questioning.
“Yes, he has been arrested and is being flown to Abuja as I speak, to face investigators on the issue.”
At the time of filing this report, the EFCC has not issued any official statement on the development.
Abducted Retired army general, Abubakar Rabe, who was abducted two weeks ago by bandits has…
The Senior Special Assistant to the President on Sustainable Development Goals (SSAP-SDGs), Princess Adejoke Orelope-Adefulire,…
.....Back Senate's Move To Arrest Mele Kyari The Conference of Nigeria Political Parties (CNPP) and…
As Nigeria marks Democracy Day today, June 12, 2026, the Network Against Corruption and Trafficking…
Rabiu Omaku The vote the former Inspector General of Police retired, Mohammed Abubakar Adamu got…
Hanny Henry Adamawa State has been ranked as the fourth-best performing state in Nigeria in…
This website uses cookies.