The Economic and Financial Crimes Commission (EFCC) has apprehended Lagos-based businessman and socialite, Emeka Okonkwo Daniel, popularly known as E-Money, over alleged abuse of the Nigerian currency.
DAILY GAZETTE gathered that the operatives of the anti-graft agency arrested E-Money at his Lagos residence on Monday night.
The charges against him center on suspected violations of the Central Bank of Nigeria Act and the Foreign Exchange Act, particularly involving the spraying and defacement of the naira and US dollars at a recent social event in Lagos.
Though the exact event is yet to be identified, sources link the incident to E-Money’s public display of foreign currency, which is considered unlawful.
A reliable source within the commission disclosed: “He was picked up quietly without any resistance and has since been moved to Abuja for further questioning by investigators.”
The EFCC confirmed it has opened a formal investigation into the allegations and may press charges once inquiries are completed.
Although the Commission’s spokesperson, Dele Oyewale, refused to provide official comment, multiple EFCC insiders affirmed both the arrest and the planned legal proceedings.
