Lagos socialite E-money arrested for Naira abuse

Popular Lagos socialite, Emeka Okonkwo Daniel, also known as E-Money has been arrested.

E-Money was detained by men of the Economic and Financial Crimes Commission, (EFCC) for allegedly abusing the Naira.

ait.live understands that he was picked up by operatives of the commission on Monday night at his residence in Lagos.

The socialite is facing allegations of Naira abuse and the defacement of foreign currencies, linked to his alleged act of spraying US dollars—an offence under Nigeria’s Foreign Exchange Act.

The EFCC stated it has commenced preliminary investigations and plans to charge E-Money to court upon conclusion of its inquiry.

ait.live also understands he has been flown to Abuja for further interrogation by EFCC investigators.

The alleged currency spraying is said to have taken place at a social event in Lagos.

(Editor: Oloyede Oworu)


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