EFCC has arrested socialite E-Money over alleged naira abuse.
Glamtush reports that the Economic and Financial Crimes Commission (EFCC) has arrested socialite E-Money over alleged money laundering.
This news platform learned that E-Money, whose real name is Emeka Okonkwo, was arrested by the anti-graft agency in the Omole area of Lagos State.
E-Money has now been taken into EFCC’s custody in Abuja.
He was spotted at a public event allegedly spraying the naira and some US dollar bills.
The Chief Executive Officer of Emmy Cargoes Nigeria Limited and Five Star Music was said to have violated Nigeria’s Foreign Exchange (Monitoring and Miscellaneous Provisions) Act.
However, as of the time this report was published, the EFCC had yet to issue an official statement on his arrest.
The arrest is the latest in the EFCC’s crackdown on naira abuse. A few days back, singer Terry Apala was remanded over alleged abuse of the country’s banknotes.
