LAGOS: After hours of interrogation by the Economic and Financial Crimes Commission – EFCC. Lagos-based socialite Emeka Okonkwo, popularly known as E-Money, was reportedly released on Tuesday evening.
E-Money was arrested Monday night at his residence in the Omole area of Lagos and transferred to the EFCC headquarters in Abuja for questioning. The arrest was tied to allegations of Naira abuse and defacing of foreign currencies, particularly for allegedly spraying U.S. dollars, which violates the Foreign Exchange Act.
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Despite the serious nature of the allegations, E-Money took to Instagram on Tuesday evening to share a message of reassurance with his followers. Posting under his handle @iam_emoney1, he wrote:
No tension, everywhere is good. I see all your love and support. God bless you all.
The post featured a video of him seated like a king in a palatial setting, accompanied by the gospel song “Thank You for Saving Me, Thank You My Lord. Although attempts to reach EFCC spokesperson Dele Oyewale for confirmation were unsuccessful at the time of reporting, insiders at the commission confirmed the arrest and ongoing investigation.
A source stated, On Monday night, we arrested E-Money for Naira abuse and defacing foreign currencies. He allegedly sprayed U.S. dollars, which contravenes the Foreign Exchange Act. He was picked up from his residence in Omole, Lagos. Investigations are ongoing, and he will be brought to court once the process is concluded.
In support, fellow socialite Pascal Okechukwu, widely known as Cubana Chief Priest, also celebrated E-Money’s release via Instagram.
He wrote: My brother doesn’t fall out. To God be the glory. As the EFCC continues its probe, the case highlights growing scrutiny over public acts of currency misuse by high-profile figures in Nigeria
