Popular Lagos socialite Emeka Okonkwo, widely known as E-Money, was released on Tuesday evening after undergoing several hours of questioning by operatives of the Economic and Financial Crimes Commission (EFCC).
E-Money was arrested on Monday night at his residence in the Omole area of Lagos and taken to the EFCC’s Abuja office over alleged abuse of the Naira and defacing of foreign currencies. Specifically, he was accused of spraying United States dollars—an act considered a violation of the Foreign Exchange Act.
Confirming his release, E-Money posted a video on his Instagram handle, @iam_emoney1, where he appeared in his home, referring to himself as a king. In the post, he wrote: “No tension, everywhere good, I see all your love and support. God bless you all,” with the gospel song “Thank you for saving me, thank you my Lord” playing in the background.
Efforts to reach EFCC spokesperson Dele Oyewale for official confirmation were unsuccessful, as multiple calls and messages went unanswered at the time of filing this report.
Meanwhile, fellow socialite Pascal Okechukwu, popularly known as Cubana Chief Priest, also celebrated E-Money’s release on his Instagram handle, @Cubana_ChiefPriest, stating: “My brother don fall out, To God be the glory.”
An EFCC source confirmed that E-Money had been arrested for allegedly spraying foreign currency, noting: “On Monday night, we arrested E-Money for Naira abuse and defacing foreign currencies. He was arrested at his Omole, Lagos residence. Preliminary investigations are ongoing, and he will be charged to court as soon as investigations are concluded.”
ADEOLA KUNLE
