He was alleged to have sprayed US dollars, which is against the Foreign Exchange Act.”
By Ife Osemedua
365Daily – Popular Lagos socialite and businessman, Emeka Okonkwo Daniel, popularly known as E-Money, has been allegedly arrested by operatives of the Economic and Financial Crimes Commission (EFCC) for allegedly misusing Naira notes.
He was reported to have been arrested on Monday night at his residence in the Omole area of Lagos for allegedly spraying United States dollars in contravention of the Foreign Exchange Act.
“On Monday night, we arrested E-Money for Naira abuse and defacing foreign currencies. Specifically, he was alleged to have sprayed US 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 in court as soon as investigations are concluded,” the source said.
According to an anonymous source quoted by Leadership Newspaper, E-Money has been flown to Abuja for questioning.
“Yes, he has been arrested and is being flown to Abuja as I speak, to face investigators on the issue.”
At the time of filing this report, the EFCC has not issued any official statement on the development.