EFCC Arrests Lagos Billionaire E-Money for Allegedly Spraying Dollars at Public Event
By SpringNewsNG Media Limited | April 29, 2025
The Economic and Financial Crimes Commission (EFCC) has arrested popular Lagos socialite and billionaire businessman, Emeka Okonkwo Daniel, popularly known as E-Money, over alleged abuse of the Nigerian currency and unlawful spraying of US dollars at a public event.
EFCC spokesperson, Dele Oyewale, confirmed the arrest during a brief chat with DAILY POST on Tuesday. According to reliable sources, E-Money was apprehended at his residence in the Omole area of Lagos on Monday night following an event where he was allegedly seen publicly spraying foreign currency—an act that contravenes Nigerian financial regulations.
Preliminary investigations are currently underway. Authorities say the businessman will be formally charged to court once investigations are concluded.
Speaking to SpringNewsNG, the EFCC spokesman affirmed, “The report is true, he was arrested last night.”
This arrest highlights the EFCC’s ongoing crackdown on financial misconduct and currency abuse among high-profile Nigerians.
