The Economic and Financial Crimes Commission (EFCC) has arrested popular Lagos socialite, Emeka Okonkwo Daniel, also known as E-Money, for allegedly abusing the Naira.

E-Money was picked up by operatives of the commission on Monday in Lagos.

Sources within the commission said on Tuesday that E-Money was arrested on Monday night at his residence in the Omole area of Lagos for allegedly spraying United States dollars, an act said to violate 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 US 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 in court as soon as investigations are concluded,” the source said.

Another source who pleaded anonymity stated that E-Money was being flown to Abuja for questioning.
At the time of filing this report, the EFCC has not issued any official statement on the development.