Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Lagos socialite Emeka Okonkwo Daniel, widely known as E-Money, over alleged abuse of the Nigerian currency.
The prominent socialite was reportedly apprehended on Monday night at his residence in the Omole area of Lagos, with the arrest linked to an ongoing investigation into his alleged practice of spraying United States dollars at public events, a move that may violate provisions of the Foreign Exchange Act and currency abuse regulations.
The controversy surrounding E-Money's behavior has sparked widespread attention, as the EFCC's investigation focuses on whether his actions breach legal guidelines regarding the use and display of foreign currency within Nigeria.
