E-Money
By Victory Oghene
Popular Lagos socialite and businessman, Emeka Okonkwo, popularly known as E-Money, has been arrested by the operatives of the Economic and Financial Crimes Commission (EFCC) over alleged naira abuse.
It was gathered that the EFCC operatives arrested E-Money at his residence in the Omole area of Lagos on Monday night.
Sources within the anti-graft agency, on Tuesday, April 29, 2025, disclosed that the flamboyant businessman was arrested for allegedly spraying United States dollars at public events – an act believed to contravene 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 U.S. 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 to court as soon as investigations are concluded,” squealed a dependable source.
Details later
