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.
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.
