Popular businessman and socialite Emeka Okonkwo, widely known as E-Money, has broken his silence following his arrest by the Economic and Financial Crimes Commission (EFCC) over alleged abuse of the Naira and foreign currency.
E-Money was reportedly picked up from his Lagos home and flown to Abuja for questioning after viral videos showed him spraying money at public events — a direct violation of the Central Bank of Nigeria’s cash handling laws. He was later released the same day.
In a post made shortly after his release, E-Money shared a video of himself with the caption:
“Attention! The EFCC reminds us: Spraying Naira (or any currency) at parties/events is against the law! Let’s celebrate responsibly and avoid fines. Respect our currency!”
He added,
“If you must give money at a party, make sure you put it in a basket or in a bowl or container in front of the person… Ignorance is not going to be an excuse.”
The post sparked mixed reactions, with some commending his composure and others criticizing the EFCC for selective enforcement.
This arrest adds to a growing list of public figures who have come under scrutiny for the lavish display of cash at events.
Here’s the post below…
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