Popular Lagos socialite and businessman, Emeka Okonkwo Daniel, famously known as E-Money, has been arrested by the Economic and Financial Crimes Commission (EFCC) over alleged abuse of the Nigerian currency laws.

NaijaBlogDaily confirms that E-Money was picked up by EFCC operatives at his residence in the Omole area of Lagos on Monday night, following a high-profile event where he was allegedly caught on camera spraying U.S. dollars, an act considered a violation of financial regulations in Nigeria.

EFCC spokesperson, Dele Oyewale, confirmed the arrest on Tuesday in response to inquiries by our correspondent. “The report is true, he was arrested last night,” Oyewale stated.

Sources close to the investigation reveal that preliminary investigations are already underway, and the suspect may be charged in court once the probe is concluded.

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The EFCC has, in recent months, intensified its crackdown on currency abuse, targeting public figures, celebrities, and influencers who engage in money spraying at public events, particularly involving foreign currencies.

E-Money, a well-known figure in Nigeria’s entertainment and business scene, is the CEO of Five Star Group and is often associated with flamboyant displays of wealth and celebrity engagements.

Stay connected to Naija Blog Daily for breaking updates on this developing story.

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