Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested popular Nigerian businessman and music executive, Emeka Okonkwo, widely known as E-Money.
Sources in the commission say the businessman was apprehended on Monday night April 28 over alleged abuse of the naira and defacing foreign currency. The sources mentioned that E-Money is under investigation for spraying both naira and United States dollars at a social event which violates Nigeria’s currency laws and the Foreign Exchange Act.
He is said to have been flown to Abuja for for further questioning.
The commission is yet to release a statement regarding this development.
