Popular Nigerian businessman and socialite, Emeka Okonkwo Daniel, widely known as E-Money, has reportedly been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) over alleged abuse of the naira and defacement of foreign currencies.
According to multiple reports, E-Money was picked up by EFCC operatives on Monday night at his residence in the Omole area of Lagos.
The arrest is said to be linked to a viral video in which the businessman was seen spraying American dollars at a social event—a practice that contravenes the provisions of the Foreign Exchange Act.
Quoting a source within the anti-graft agency, TheCable reported that preliminary investigations are ongoing, with the possibility of formal charges being filed once the probe is concluded. The source also revealed that E-Money is being flown to Abuja for further interrogation.
As of the time of filing this report, the EFCC has not issued an official statement confirming the arrest.
ABN TV recalls that the EFCC has recently clamped down on public display and abuse of both local and foreign currencies. Notable figures previously arrested include crossdresser Bobrisky, TikToker Murja Ibrahim Kunya, and nightlife promoter Cubana Chief Priest—all on similar allegations related to naira abuse.
