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E-Money regains freedom after questioning by EFCC over naira abuse

Edubi Omotayo by Edubi Omotayo
April 30, 2025
in News
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E-Money regains freedom after questioning by EFCC over naira abuse
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Lagos socialite, Emeka Okonkwo, popularly known as E-Money, regained his freedom on Tuesday evening after several hours of questioning by agents of the Economic and Financial Crimes Commission (EFCC) for allegedly abusing the naira.

He was apprehended at his home in the Omole area of Lagos on Monday night and subsequently transported to the anti-corruption commission’s office in Abuja for questioning.

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E-Money was detained by the EFCC over allegations of misuse of the naira and tampering with foreign currencies.

However, E-Money took to his Instagram account, @iam_emoney1, on Tuesday evening to express joy over his release.

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  • EFCC Chairman urges event centers, clubs to curb naira abuse
  • Terry Apala remanded in Ikoyi Prison over naira mutilation allegation
  • Lagos court sentences man to three months in prison for hawking new naira notes

Portraying himself as a king in his home, E-Money wrote: “No tension, everywhere good, I see all your love and support. God bless you all.”

In the background of the video, the song “thank you for saving me, thank you my Lord” was playing.

Cubana Chief Priest, a fellow socialite, echoed support for E-Money after his arrest, stating, “this will only make you stronger, just like our Rolls Royce.”

Numerous attempts to reach EFCC spokesperson, Dele Oyewale, for confirmation of E-Money’s release went unanswered by the time of this report.

Earlier on Tuesday, E-Money was detained for allegedly spraying U.S. dollars and naira, an act reportedly violating the Foreign Exchange Act.

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