The Economic and Financial Crimes Commission (EFCC) has arrested businessman and socialite, Emeka Okonkwo, popularly known as E-Money.
It was learnt that the anti-graft commission arrested E-Money at his Lagos residence on Monday evening.
He was subsequently flown to Abuja.
E-Money, who is a well-known figure in Nigerian social circles, is the Chief Executive Officer of Emmy Cargoes Nigeria Limited and Five Star Music.
It was gathered that E-Money’s arrest is connected to allegations of naira abuse and defacement of foreign currencies levelled against him by the commission.
The socialite was said to have sprayed US dollars, an act that contravenes Nigeria’s Foreign Exchange (Monitoring and Miscellaneous Provisions) Act.
The EFCC has not confirmed the development.
