Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested businessman Emeka Okonkwo, popularly known as E-Money, on Tuesday.
E-Money, who is the CEO of Emmy Cargoes Nigeria Limited and Five Star Music, was arrested in Lagos State for alleged abuse of the naira.
He is being investigated for allegedly spraying both Naira and US dollars at a party in Lagos in violation of Nigeria’s currency laws.
As at the time of filing this report, the anti-graft agency has yet to issue an official statement regarding his arrest.
Seunmanuel Faleye is a brand and communications strategist. He is a covert writer and an overt creative head. He publishes Apple’s Bite International Magazine.
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