EFCC Arrests E-Money Over Alleged Naira Abuse and Currency Defacement

By THE GIST SCOOP

 Reports reaching us indicate that operatives of the Economic and Financial Crimes Commission (EFCC) have arrested popular Nigerian businessman and music executive, Emeka Okonkwo, popularly known as E-Money.


According to sources within the commission, E-Money was apprehended on the night of Monday, April 28, over alleged abuse of the Nigerian naira and defacement of foreign currency. The billionaire businessman is said to be under investigation for spraying both naira and U.S. dollars at a social event—an act that violates Nigeria’s currency regulations and the Foreign Exchange Act.


He has reportedly been flown to Abuja for further interrogation as investigations conti


nue.