Emeka Okonkwo, the socialite better known as E-Money, was released on Tuesday night after hours of questioning by the Economic and Financial Crimes Commission (EFCC).
E-Money was arrested on Monday night at his residence in the Omole area of Lagos and taken to the EFCC’s Abuja office for interrogation.
The arrest was linked to allegations of naira abuse and defacing foreign currencies, particularly for allegedly spraying US dollars — an act that violates the Foreign Exchange Act.
Following his release, the businessman took to his Instagram page to share a video of himself in a regal setting.
“No tension, everywhere good. I see all your love and support. God bless you all,” he captioned the post.
The clip featured a gospel song playing in the background, with lyrics expressing gratitude: “Thank you for saving me, thank you, my Lord”.
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Pascal Okechukwu, another socialite better known as Cubana Chief Priest, also celebrated E-Money’s release on Instagram.
“My brother don fall out, To God be the glory,” he wrote.
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The socialite’s case with the anti-graft agency comes a few days after Terry Apala, the singer, was remanded at the Ikoyi correctional centre over alleged abuse of naira notes.
In March, Murja Ibrahim Kunya, a TikToker, was rearrested in Kano for allegedly abusing the naira.
In 2024, the EFCC intensified its crackdown on naira abuse, citing section 21 of the CBN Act.
Bobrisky, the social media celebrity, was arrested by the commission in Lagos on April 4, 2024, for defacing naira notes. The crossdresser was jailed on a six-count charge.
Cubana Chief Priest was also arraigned for a three-count charge over alleged naira abuse.
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