BREAKING: EFCC Arrests Popular Businessman, E-Money

The EFCC has arrested Lagos popular businessman E-Money for allegedly abusing the Naira and spraying US dollars at a social event.

He is currently in Abuja for further interrogation as investigations continue.

The Economic and Financial Crimes Commission (EFCC) has arrested popular Lagos businessman, Emeka Okonkwo Daniel, widely known as E-Money, over alleged abuse of the Nigerian currency and defacement of foreign currencies

According to VerseNews, EFCC operatives apprehended E-Money at his Lagos residence on Monday night.

The arrest is linked to a viral incident in which he was reportedly seen spraying US dollars at a social event in Lagos—an act that contravenes the Foreign Exchange Act.

Sources within the EFCC confirmed that preliminary investigations have begun and that the commission intends to charge him to court once inquiries are concluded.

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E-Money has since been flown to Abuja for further questioning by EFCC investigators. While EFCC spokesperson Dele Oyewale declined to comment officially, insiders confirmed both the arrest and ongoing probe.

Details about the exact event where the alleged currency abuse occurred remain unclear.