E-Money Free: Lagos Socialite Released After EFCC Detention
Popular businessman and socialite, Emeka Okonkwo, also known as E-Money, is finally free after being detained by the Economic and Financial Crimes Commission (EFCC). His arrest over allegations of currency abuse sparked intense reactions on social media.
Why Was E-Money Arrested?
Late Monday night, EFCC operatives arrested E-Money at his residence in Omole, Lagos. A viral video had surfaced showing him allegedly spraying U.S. dollars at a public event—a violation of Nigeria’s Foreign Exchange Act.
According to a senior EFCC source:
“He was arrested for abusing the Naira and defacing foreign currencies. Spraying dollars in public is a violation of the law.”
Investigations are ongoing, and E-Money may face court charges depending on the outcome.
EFCC’s Official Silence
Although the EFCC has not released a formal statement, internal sources confirmed that the arrest is part of a broader crackdown on public currency abuse. Multiple calls to the EFCC spokesperson, Dele Oyewale, were unanswered at the time of filing this report.
E-Money Responds After His Release
Shortly after his release on Tuesday evening, E-Money reassured his followers via his Instagram page @iam_emoney1.
He wrote:
“No tension, everywhere good. I see all your love and support. God bless you all.”
He also shared a gospel track titled “Thank You for Saving Me,” adding a spiritual note to his update.
Cubana Chief Priest Joins the Celebration
Close friend and nightlife mogul, Cubana Chief Priest, celebrated the news online. On his Instagram page, he posted:
“My brother don fall out. To God be the glory.”
The public welcomed the news with relief and prayers, with many expressing joy over E-Money’s freedom.
What Happens Next?
Nigerians are still waiting to hear the EFCC’s next step. Will E-Money face charges, or has the issue been resolved?
This case highlights Nigeria’s increasing enforcement of financial conduct laws, especially regarding the public spraying of currency.
With E-Money free once again, the spotlight now turns to how celebrities handle money in public events. As more cases emerge, Nigerians are asking: should public currency spraying be banned outright?
What do you think about this EFCC clampdown? Let us know in the comments.
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