The Economic and Financial Crimes Commission (EFCC) has arrested popular Nigerian businessman and music executive, Emeka Okonkwo, widely known as E-Money.
E-Money, who is the CEO of Emmy Cargoes Nigeria Limited and Five Star Music, was taken into custody on Tuesday morning in Lagos over alleged abuse of the naira and defacing foreign currency.
According to sources within the anti-graft agency, E-Money is under investigation for spraying both naira and United States dollars at a social event in Lagos, which violates Nigeria’s currency laws and the Foreign Exchange Act.
“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,” a source within the EFCC said.
Another source, who confirmed the arrest, added that E-Money was being transported to Abuja for further questioning.
“Yes, he has been arrested and is being flown to Abuja as I speak, to face investigators on the issue,” the official said.
There is nothing to arrest that young man for
After all this country is something else
He is igbo. It is enough to arrest and persecute not prosecute….
I thought the law is only against spraying of Nigerian currencies. It’s foreign currencies now inclusive?
Guy it was props it wasn’t real money well we all know efcc is looking for their cut of the sprayed funds E money just give am their share let the legal robbers be
Only in Nigeria security agents are told to raise funds for the nation
What is the essence of them arresting the guy, I don’t think there’s any need for that. The is spraying his money jare. Please make them free my friend oooh.
E f c c why u peoples arrest
Someone will not appreciate somebody in this country again