Popular Lagos socialite, Emeka Okonkwo, widely known as E-Money, was released on Tuesday evening after hours of questioning by operatives of the Economic and Financial Crimes Commission (EFCC).
E-Money was reportedly arrested on Monday night at his residence in the Omole area of Lagos and transported to the EFCC headquarters in Abuja. The arrest followed allegations of Naira abuse and defacing of foreign currencies, particularly for allegedly spraying U.S. dollars, an act said to violate the Foreign Exchange Act.
A source within the EFCC confirmed the arrest, stating, “On Monday night, we arrested E-Money for Naira abuse and defacing foreign currencies. Preliminary investigations are ongoing, and he will be charged to court as soon as investigations are concluded.”
Following his release, E-Money took to his Instagram handle, @iam_emoney1, to express gratitude. Sharing a video of himself dressed regally, he wrote: “No tension, everywhere good, I see all your love and support. God bless you all.” A worship song, “Thank you for saving me, thank you my Lord,” played in the background.
Fellow celebrity and nightlife promoter, Pascal Okechukwu, popularly known as Cubana Chief Priest, also celebrated E-Money’s release via Instagram, writing: “My brother don fall out, To God be the glory.”
As of press time, attempts to get official confirmation from EFCC spokesperson, Dele Oyewale, were unsuccessful, as calls and messages went unanswered.
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