The Economic and Financial Crimes Commission (EFCC) has arrested Nigerian businessman and music mogul Emeka Okonkwo, popularly known as E-Money, over alleged currency abuse.
E-Money Arrested for Spraying Naira and Dollars at Social Event
EFCC operatives apprehended E-Money on Monday night, April 28, for allegedly spraying naira and U.S. dollars during a public event. Sources say this act violated the Central Bank of Nigeria Act and the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act.
Flown to Abuja for Interrogation
Authorities transferred E-Money to Abuja for further questioning as investigations continue. The EFCC has not issued an official statement on the matter.
Ongoing Crackdown on Naira Abuse
This arrest comes amid a broader crackdown on naira abuse and the defacing of legal tender at public events. The EFCC has recently intensified efforts to enforce currency regulations and curb financial misconduct.
Stay tuned for updates as more details emerge from the investigation.
