The Economic and Financial Crimes Commission (EFCC) has arrested Lagos socialite and businessman Emeka Okonkwo, popularly known as E-Money, over alleged abuse of the naira and defacement of foreign currency.

Alleged Offense
E-Money was arrested at his residence in Lagos for allegedly spraying United States dollars at public events, which contravenes Nigeria’s Foreign Exchange Act.

Investigation Underway
The EFCC has confirmed that E-Money is being flown to Abuja for further interrogation. Preliminary investigations are ongoing, and the suspect is expected to be charged to court upon conclusion of the investigation.