US EditionBREAKING: EFCC arrests music executive E-Money
- The EFCC arrested Emeka Okonkwo, known as E-Money, at his Omole residence in Lagos on Monday night, April 25, 2025.
- The arrest followed evidence that E-Money sprayed naira and U.S. Dollars at public events, violating Nigeria’s currency laws and the Foreign Exchange Act.
- Officials transferred E-Money to Abuja for further interrogation amid ongoing investigations and have linked the case to previous naira abuse prosecutions.
- A source stated E-Money "will face investigators on the issue" and the EFCC described the act as a "clear violation of the Central Bank of Nigeria's guidelines."
- E-Money’s arrest has ignited public debate on currency enforcement and extravagance at high-profile events, while charges could lead to fines or imprisonment.
40 Articles
40 Articles
‘Naira, dollar abuse’: EFCC arrests E-Money - Daily Trust
Popular businessman Emeka Okonkwo Daniel, a.k.a. E-Money, has reportedly been arrested by operatives of the Economic and Financial Crimes Commission (EFCC), for allegedly abusing the naira and defacement of foreign currencies. According to reports, E-Money was arrested on Monday night at his residence in the Omole area of Lagos. His arrest was said to have stemmed from a viral video showing him spraying American dollars at a social event, an act…
BREAKING: EFCC arrests music executive E-Money
Popular businessman and music executive Emeka Okonkwo, widely known as E-Money, has been arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly abusing Nigeria’s currency and defacing foreign currency at a public event.
E-Money's Arrest: EFCC Must Stop Selective Prosecution
The Economic and Financial Crimes Commission’s (EFCC) swiftness in arresting socialite, Emeka Daniel, also known as E-Money for allegedly defacing the United States dollar, while stalling on action against the Okoya brothers who were publicly seen spraying naira notes, raises serious concerns about the agency’s impartiality. Development Diaries reports that E-Money was arrested on Monday night at his residence in Lagos State and subsequently tak…
EFCC Commences Investigation of $86,500, 305,150 Riyals Intercepted at Kano Airport
The Economic and Financial Crimes Commission, EFCC, Kano Zonal Directorate has commenced investigation of $86,500 (Eighty-Six Thousand Five Hundred United States Dollars), 305,150( Three Hundred and five, One Hundred and Fifty Saudi Riyals, and 200 Euros confiscated by officers of the Nigeria Customs Service, NCS at the Mallam Aminu Kano International Airport. The funds were discovered in an unaccompanied bag suspected to have been smuggled into…
Nigeria Names Four Kenyans in $840 Million CBEX Crypto Scam
Nigeria’s Economic and Financial Crimes Commission (EFCC) has identified four Kenyans as suspects in a massive cryptocurrency scam tied to the now-defunct Crypto Bridge Exchange (CBEX), a fraudulent online trading platform operating across Kenya, Nigeria, and Egypt. The four Kenyans — John Okiroh Otieno, Israel Mbaluka, Joseph Michiro Kabera, and Serah Michiro — are accused … The post Nigeria Names Four Kenyans in $840 Million CBEX Crypto Scam f…
EFCC Nabs E-Money Over Abuse Of The Naira, Dollar – Independent Newspaper Nigeria
LAGOS – Emeka Okonkwo Daniel, widely known as E-Money and a prominent Lagos socialite, has been arrested by the Economic and Financial Crimes Commission (EFCC) for alleged abuse of the Nigerian currency, the naira, and dollar. According to reliable sources, EFCC operatives apprehended E-Money at his Lagos residence on Monday night. He is accused of […]
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