Famous Lagos socialite, Emeka Okonkwo Daniel (a.k.a. E-Money) has been arrested by the operatives of the Economic and Financial Crimes Commission over alleged Naira note abuse.
According to Punch online report, E-Money was arrested on the night of Monday, 28 April, 2025at his residence in the Omole area of Lagos.
Sources within the commission on Tuesday, 29 April, 2025 said the socialite was arrested for allegedly spraying United States dollars, an act said to be in violation of the Foreign Exchange Act.
One of the sources said, “On Monday night, we arrested E-Money for Naira abuse and defacing foreign currencies. Specifically, he was alleged to have sprayed U.S. dollars, which is against the Foreign Exchange Act.
Another source who confirmed his arrest to our correspondent stated that E-Money is currently being flown to Abuja for questioning.
The source, who is not authorised to speak to the press, said, “Yes, he has been arrested and is being flown to Abuja as I speak, to face investigators on the issue.”
When contacted, EFCC spokesperson Dele Oyewale declined to comment on the matter.
