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EFCC Arrests E-Money For ‘Naira Abuse, Dollar Spraying

Ojimaojo Abubakar by Ojimaojo Abubakar
April 30, 2025
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EFCC Arrests E-Money For ‘Naira Abuse, Dollar Spraying
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Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested popular businessman E-Money over allegations of naira abuse and defacement of foreign currencies.

The socialite, born Emeka Okonkwo Daniel, was arrested at his Omole, Lagos residence in the late hours of Monday.

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E-Money’s arrest was said to have stemmed from a viral video showing him spraying American dollars at a social event, an act that violates the Foreign Exchange Act.

An EFCC insider revealed that preliminary investigations are ongoing, and he will be charged to court as soon as the probe is concluded.

When contacted, Dele Oyewale, EFCC spokesperson, declined to comment on the matter.

However, sources within the commission disclosed that the socialite is being flown to Abuja to face further interrogation.

The socialite’s arrest comes a few days after Terry Apala, the singer, was remanded at the Ikoyi correctional centre over alleged abuse of naira notes.

ALSO READ:  Digital Economy Crucial To Nigeria’s Development — Pantami
Tags: Dollar and nairaE-moneyEFCC
Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

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