Popular Lagos socialite, Emeka Okonkwo, widely known as E-Money, was released on Tuesday evening after undergoing several hours of interrogation by operatives of the Economic and Financial Crimes Commission (EFCC).
E-Money was arrested on Monday night at his residence in the Omole area of Lagos and subsequently taken to the EFCC’s office in Abuja. According to EFCC sources, his arrest was in connection with alleged abuse of the Naira and defacing of foreign currencies, particularly for spraying United States dollars in public, an act said to contravene the Foreign Exchange Act.
An EFCC official confirmed:
“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.”
Following his release on Tuesday evening, E-Money took to his Instagram handle, @iam_emoney1, to thank his supporters and express calm. In a video posted from his home, he wrote:
“No tension, everywhere good, I see all your love and support. God bless you all.”
The video featured the gospel song, “Thank you for saving me, thank you my Lord.”
Also reacting to the news, fellow socialite Pascal Okechukwu, popularly known as Cubana Chief Priest, shared on his Instagram handle @Cubana_ChiefPriest:
“My brother don fall out, To God be the glory.”
As of the time of this report, efforts to reach EFCC spokesperson Dele Oyewale for official confirmation were unsuccessful.
