The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested popular Lagos socialite and businessman, Emeka Okonkwo, fondly called E-Money, over alleged naira abuse.
It was gathered that the EFCC operatives appreneed 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.
Bishop Abioye starts new church after leaving Winners Chapel
“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,” one of the sources told Punch.
Another source further revealed that E-Money is currently being flown to Abuja for questioning.
EFCC spokesperson Dele Oyewale, however, declined to speak on the matter.
The All Progressives Congress (APC) has announced timelines for the submission of reports and result…
Veteran Kannywood actress Wasila Isma’il has died at the age of 46 following a prolonged…
There was a party atmosphere at Selhurst Park, where champions Arsenal made nine changes ahead…
The African Democratic Congress (ADC) in Kebbi State has announced the emergence of former Attorney-General…
The Nigeria Civil Aviation Authority (NCAA) has directed the suspension of services to 11 domestic…
President Bola Tinubu has emerged as the presidential candidate of the All Progressives Congress (APC)…
This website uses cookies.