Popular Lagos businessman and socialite, Emeka Okonkwo, better known as E-Money, has been released from the custody of the Economic and Financial Crimes Commission (EFCC) after hours of questioning.
He was arrested on Monday night at his home in Omole, Lagos, and taken to the EFCC office in Abuja. Officials said the arrest was over alleged abuse of the Naira and improper handling of foreign currency, especially U.S. dollars.
A source at the EFCC confirmed, “E-Money was arrested for spraying dollars in public, which goes against the Foreign Exchange Act. Investigations are still ongoing, and he will be charged once the probe is complete.”
Shortly after his release on Tuesday evening, E-Money posted on Instagram to thank his supporters.
Dressed in a royal-style outfit, he wrote: “No tension, everywhere good, I see all your love and support. God bless you all.” The video was backed by the gospel song, “Thank you for saving me, thank you my Lord.”
Fellow celebrity and close friend Cubana Chief Priest also celebrated the release on his Instagram handle, writing: “My brother don fall out, To God be the glory.” At the time of this report, the EFCC spokesperson, Dele Oyewale, had not responded to requests for an official statement.
