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Naira abuse: EFCC Arrests E-money - Celebrities - Nairaland

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Naira abuse: EFCC Arrests E-money by fergie001(op): 12:26pm On Apr 29, 2025
Operatives of the Economic and Financial Crimes Commission have arrested a popular Lagos socialite, Emeka Okonkwo Daniel (a.k.a. E-Money), for allegedly abusing the Naira note.

Our correspondent gathered that he was arrested on Monday night at his residence in the Omole area of Lagos.

Sources within the commission on Tuesday said E-Money was arrested for allegedly spraying United States dollars, an act said to be in violation of the Foreign Exchange Act.

One of the sources said, “On Monday night, we arrested E-Money for Naira abuse and defacing foreign currencies. Specifically, he was alleged to have sprayed U.S. dollars, which is against the Foreign Exchange Act.

“He was arrested at his Omole, Lagos residence. Preliminary investigations are ongoing, and he will be charged to court as soon as investigations are concluded.”

Another source who confirmed his arrest to our correspondent stated that E-Money is currently being flown to Abuja for questioning.

The source, who is not authorised to speak to the press, said, “Yes, he has been arrested and is being flown to Abuja as I speak, to face investigators on the issue.”

When contacted, EFCC spokesperson Dele Oyewale declined to comment on the matter.
SOURCE

Re: Naira abuse: EFCC Arrests E-money by muyico(m): 12:28pm On Apr 29, 2025
Bloggers
Re: Naira abuse: EFCC Arrests E-money by WiszyFraud:
undecided
Re: Naira abuse: EFCC Arrests E-money by xpressionx(m): 12:33pm On Apr 29, 2025
Baba go pay 10m come out.
Na PR e dey find since
grin
Re: Naira abuse: EFCC Arrests E-money by optimistfeel(m): 12:33pm On Apr 29, 2025
EFCC......

Soon or later he will regain his freedom.
Re: Naira abuse: EFCC Arrests E-money by tnerro1(m): 12:33pm On Apr 29, 2025
Cash out things
Re: Naira abuse: EFCC Arrests E-money by LordBiden(m): 12:33pm On Apr 29, 2025
Good one,also check his source of wealth.
Re: Naira abuse: EFCC Arrests E-money by myners007: 12:33pm On Apr 29, 2025
It is profoundly disheartening that in a nation crippled by monumental corruption, institutional decay, and pervasive economic hardship, the Economic and Financial Crimes Commission (EFCC) has elected to expend its dwindling relevance on the arrest of Business Mogul, E-Money, for the ostensible offence of spraying dollars at a public event. One is compelled to ask: is this the apex of financial crime in Nigeria?

The EFCC, once envisioned as a formidable guardian of our fiscal integrity, has tragically metamorphosed into a performative agency — a toothless bulldog barking in the marketplace, seeking to impress rather than impact. Rather than channel its efforts into dismantling the entrenched networks of elite corruption, embezzlement, and fraudulent public procurement, it has chosen the path of sensationalism, pursuing high-profile figures for infractions that are, at best, symbolic.

This latest arrest reeks of clout-chasing — a hollow display of authority designed to massage public sentiment while the real architects of Nigeria's economic tragedy dine unperturbed in their ivory towers. It is almost certain that E-Money, like many before him, will regain his freedom in no time, and this episode will dissolve into yet another spectacle with no meaningful consequence.

Until the EFCC redirects its energies toward substantive economic crimes and the prosecution of powerful kleptocrats, it will remain a caricature of its intended purpose — loud, visible, but ultimately ineffectual.
Re: Naira abuse: EFCC Arrests E-money by Bacteria8: 12:33pm On Apr 29, 2025
Supremacy of the law.

This development is good for Nigeria.
Re: Naira abuse: EFCC Arrests E-money by Menclothing1: 12:33pm On Apr 29, 2025
Lolz big lie someone seen at apapa office today
Re: Naira abuse: EFCC Arrests E-money by Breaker001: 12:33pm On Apr 29, 2025
Ewoooooh 😥
Re: Naira abuse: EFCC Arrests E-money by 2mch(m): 12:34pm On Apr 29, 2025
All of you wey de spray for party just de give EFCC free Owomida. Dem go do the arrest work pass their job.
Re: Naira abuse: EFCC Arrests E-money by Auxtin85(m): 12:34pm On Apr 29, 2025
APC EFCC will leave serious issues and be running after irrelevant issues
Re: Naira abuse: EFCC Arrests E-money by NOETHNICITY(m): 12:34pm On Apr 29, 2025
Why can’t people do without bragging with money

Well, I’m more convinced than ever that it is when you don’t have money that you have to show off to others to show that you have money.
Real billionaires like Dangote, Adenuga, Otedola, Arthur Eze don’t go about having to show that they’re rich
Re: Naira abuse: EFCC Arrests E-money by xristos(m): 12:34pm On Apr 29, 2025
Good
Re: Naira abuse: EFCC Arrests E-money by pauljumbo(m): 12:34pm On Apr 29, 2025
When will theu arrest yahaya bello
Re: Naira abuse: EFCC Arrests E-money by lightwind(m): 12:34pm On Apr 29, 2025
Bastards!! 😒
Re: Naira abuse: EFCC Arrests E-money by panpan(m): 12:34pm On Apr 29, 2025
The Economic and Financial Crimes Commission (EFCC) should be dissolved. The laws enabling EFCC should be repealed.
Arresting people involved in the spraying of naira notes does not justify EFCC's existence.
In summary, EFCC is of no benefit to the general Nigerian population.
Re: Naira abuse: EFCC Arrests E-money by whippersnapper(m): 12:34pm On Apr 29, 2025
EFCC sef wan collect their own. Money na water them people.
Re: Naira abuse: EFCC Arrests E-money by Nobody: 12:34pm On Apr 29, 2025
We need to be arrest serious economic crimes offenders. Not this naira abuse
Re: Naira abuse: EFCC Arrests E-money by badoh(m): 12:34pm On Apr 29, 2025
No difference between leaders and the citizens. Everyone breaking laws as they seem fit and yet want the country to get better. Is it a must you must deface currency before you can be noticed?
Re: Naira abuse: EFCC Arrests E-money by Freestainworld(m): 12:34pm On Apr 29, 2025
EFCC no get work again, even the White's sprays their currencies in clubs.
Re: Naira abuse: EFCC Arrests E-money by Wedideas(m): 12:35pm On Apr 29, 2025
EMONEEEEY!
Re: Naira abuse: EFCC Arrests E-money by BABANGBALI: 12:35pm On Apr 29, 2025
What happened to the Okoya's children?

Dominique please block me grin grin
Re: Naira abuse: EFCC Arrests E-money by Maxymilliano(m): 12:35pm On Apr 29, 2025
I'm yet to read any update on the Okoya's son after his invitation for Naira abuse
Re: Naira abuse: EFCC Arrests E-money by spencekat(m): 12:35pm On Apr 29, 2025
Money na water Part 2.
Re: Naira abuse: EFCC Arrests E-money by b0rn2fuck(m): 12:36pm On Apr 29, 2025
Good news , he need resetting for the stupidity behavior and human abuse self, people like him and boborisky aren't helping the youth
Re: Naira abuse: EFCC Arrests E-money by TornApart: 12:36pm On Apr 29, 2025
He should have sprayed e-money. now this?
Re: Naira abuse: EFCC Arrests E-money by ojuu4u(m): 12:36pm On Apr 29, 2025
muyico:
Bloggers
Is this also a blogger?

Re: Naira abuse: EFCC Arrests E-money by SmartyPants(m): 12:36pm On Apr 29, 2025
pauljumbo:
When will theu arrest yahaya bello
He was arrested, arraigned, and granted bail. What should they arrest him for?
Re: Naira abuse: EFCC Arrests E-money by ojuu4u(m):
The number one reason we are suffering in this country is our taste for extravagant lifestyle, starting from president to the poor, in fact, average Nigerians spend extravagantly than the elites.


Whenever I see some people talking,......
People who are predominantly less than average ooo, ....they would be talking how they went to club and waste money there, for some, how they go for expensive phones and wrist watches, yet the same people would be lamenting in another breath, how economy hard, how they are broke and how things hard for them.

To save for the raining days, whenever there is surplus, becomes problematic for the govt and citizens.
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