Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested popular Lagos-based socialite and businessman, Emeka Okonkwo Daniel, widely known as E-Money, over alleged abuse of the Nigerian currency, the Naira.
The arrest, which took place in Lagos, follows a string of viral videos showing E-Money allegedly spraying wads of cash at public events, an act which contravenes the provisions of the Central Bank of Nigeria (CBN) Act prohibiting the mutilation, defacing, and abuse of the Naira.
A source within the anti-graft agency confirmed the arrest, noting that E-Money was taken into custody for questioning regarding the videos and other related incidents of currency abuse.
The EFCC has intensified its clampdown on the abuse of the national currency in recent months, warning that individuals found culpable would face the full weight of the law. The arrest of E-Money, a figure known for his flamboyant lifestyle, is seen as a high-profile step in that direction.
As of the time of filing this report, the EFCC is yet to issue an official statement on the arrest. However, insiders say the investigation is ongoing and E-Money may face prosecution depending on the outcome of inquiries.
More details to follow.
