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Nigerian businessman Emeka Okonkwo, better known as E-Money,, has been allegedly arrested by the Economic and Financial Crime Commission for alleged Naira abuse. According to reports, the 5-star music founder was arrested on Monday night, April 25th,, at his residence in the Omole Area of Lagos. Sources within the commission said E-Money was arrested for allegedly spraying United States dollars, an act said to be a 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 US dollars, which is against the Foreign Exchange Act. “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.” The elder brother of Kcee is reportedly currently being flown to Abuja for questioning.
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EFCC arrests E-Money over alleged Naira abuse
