NewStats: 3,260,858 , 8,172,831 topics. Date: Tuesday, 27 May 2025 at 09:20 PM 4t4u5t

Operatives of the Economic and Financial Crimes Commission have arrested a popular Lagos socialite, Emeka Okonkwo Daniel (a.k.a. E-Money), for allegedly abusing the Naira note.

Our correspondent gathered that he was arrested on Monday night at his residence in the Omole area of Lagos.

Sources within the commission on Tuesday said E-Money was arrested for allegedly spraying United States dollars, an act said to be in violation of the Foreign Exchange Act.

One of the sources said, “On Monday night, we arrested E-Money for Naira abuse and defacing foreign currencies. Specifically, he was alleged to have sprayed U.S. dollars, which is against the Foreign Exchange Act.

“He was arrested at his Omole, Lagos residence. Preliminary investigations are ongoing, and he will be charged to court as soon as investigations are concluded.”

Another source who confirmed his arrest to our correspondent stated that E-Money is currently being flown to Abuja for questioning.

The source, who is not authorised to speak to the press, said, “Yes, he has been arrested and is being flown to Abuja as I speak, to face investigators on the issue.”

When ed, EFCC spokesperson Dele Oyewale declined to comment on the matter.

SOURCE

Bloggers

Baba go pay 10m come out.
Na PR e dey find since

EFCC......

Soon or later he will regain his freedom.

Cash out things

Good one,also check his source of wealth.

It is profoundly disheartening that in a nation crippled by monumental corruption, institutional decay, and pervasive economic hardship, the Economic and Financial Crimes Commission (EFCC) has elected to expend its dwindling relevance on the arrest of Business Mogul, E-Money, for the ostensible offence of spraying dollars at a public event. One is compelled to ask: is this the apex of financial crime in Nigeria?

The EFCC, once envisioned as a formidable guardian of our fiscal integrity, has tragically metamorphosed into a performative agency — a toothless bulldog barking in the marketplace, seeking to impress rather than impact. Rather than channel its efforts into dismantling the entrenched networks of elite corruption, embezzlement, and fraudulent public procurement, it has chosen the path of sensationalism, pursuing high-profile figures for infractions that are, at best, symbolic.

This latest arrest reeks of clout-chasing — a hollow display of authority designed to massage public sentiment while the real architects of Nigeria's economic tragedy dine unperturbed in their ivory towers. It is almost certain that E-Money, like many before him, will regain his freedom in no time, and this episode will dissolve into yet another spectacle with no meaningful consequence.

Until the EFCC redirects its energies toward substantive economic crimes and the prosecution of powerful kleptocrats, it will remain a caricature of its intended purpose — loud, visible, but ultimately ineffectual.

Supremacy of the law.

This development is good for Nigeria.

Lolz big lie someone seen at apapa office today

Ewoooooh 😥

All of you wey de spray for party just de give EFCC free Owomida. Dem go do the arrest work their job.

APC EFCC will leave serious issues and be running after irrelevant issues

Why can’t people do without bragging with money

Well, I’m more convinced than ever that it is when you don’t have money that you have to show off to others to show that you have money.
Real billionaires like Dangote, Adenuga, Otedola, Arthur Eze don’t go about having to show that they’re rich

Good

When will theu arrest yahaya bello

Bastards!! 😒

The Economic and Financial Crimes Commission (EFCC) should be dissolved. The laws enabling EFCC should be repealed.
Arresting people involved in the spraying of naira notes does not justify EFCC's existence.
In summary, EFCC is of no benefit to the general Nigerian population.

EFCC sef wan collect their own. Money na water them people.

We need to be arrest serious economic crimes offenders. Not this naira abuse

No difference between leaders and the citizens. Everyone breaking laws as they seem fit and yet want the country to get better. Is it a must you must deface currency before you can be noticed?

EFCC no get work again, even the White's sprays their currencies in clubs.

EMONEEEEY!

What happened to the Okoya's children?

Dominique please block me

I'm yet to read any update on the Okoya's son after his invitation for Naira abuse

Money na water Part 2.

Good news , he need resetting for the stupidity behavior and human abuse self, people like him and boborisky aren't helping the youth

He should have sprayed e-money. now this?

muyico:
Bloggers

Is this also a blogger?

pauljumbo:
When will theu arrest yahaya bello

He was arrested, arraigned, and granted bail. What should they arrest him for?

The number one reason we are suffering in this country is our taste for extravagant lifestyle, starting from president to the poor, in fact, average Nigerians spend extravagantly than the elites.


Whenever I see some people talking,......
People who are predominantly less than average ooo, ....they would be talking how they went to club and waste money there, for some, how they go for expensive phones and wrist watches, yet the same people would be lamenting in another breath, how economy hard, how they are broke and how things hard for them.

To save for the raining days, whenever there is surplus, becomes problematic for the govt and citizens.