Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Nigerian businessman and music executive, Emeka Okonkwo, popularly known as E-Money, for alleged abuse of the naira and defacing of foreign currency.
According to sources within the commission, E-Money was taken into custody on the night of Monday, April 28, over allegations that he sprayed both naira and U.S. dollars at a social event—an act which contravenes Nigeria’s currency laws and the Foreign Exchange Act.
He has reportedly been flown to Abuja for further interrogation. As of press time, the EFCC has not issued an official statement on the arrest.
