Nigerian socialite Emeka Okonkwo, aka E-Money, has reportedly been arrested by operatives of the EFCC (Economic and Financial Crimes Commission).

In the late hours of Monday, April 28, 2025, E-Money was arrested in his home in Omole, Lagos, after he allegedly abused the naira.

According to reports from Punch, sources within the EFCC disclosed that E-Money, who is the younger brother of Nigerian singer, Kingsley Okonkwo aka KCee, was arrested for allegedly praying US dollars, an act said to go against the Foreign Exchange Act.

READ ALSO: EFCC Recovers $153m From Former Oil Petroleum Minister, Diezani — EFCC Chairman, Bawa

The source 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 in court as soon as investigations are concluded.”

Another source disclosed that E-Money was flown to Abuja for questioning after his arrest.

Check below for the viral report:

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.https://t.co/LwzE6CL0Pc

— Punch Newspapers (@MobilePunch) April 29, 2025

Reactions as E-Money gets arrested for spraying dollars

News of E-Money’s arrest after allegedly spraying dollars was met with mixed reactions from Nigerians. It is no news that many Nigerian socialites avoid getting apprehended for naira abuse by spraying foreign currencies at parties.

Some netizens dropped their hot takes about E-Money’s arrest on social media.

@olorogunErnest:
“It seems EFCC is bored because people spray dollar bills all over the world, and it’s not a crime. I believe they just want to extort some money from him. Nigeria is just a peculiar nation in general.”

@iam_samedoho:
“I understand this technique. They are following the chief priest’s template. E-money will be released, and he will start promoting APC aggressively. Just watch and see.”

@SamuelEssang4:
“The EFCC seems serious about cracking down on Naira abuse, but I wonder how they’ll balance this with cultural practices like money spraying at events—something so common in Nigeria.”

@ThreeLeftThumbs:
“He was “arrested for Naira abuse” by “spraying U.S. Dollars.”

@a_ma_ka:
“He no dey spray naira nah. Wait o, I just read it well now, they said. “Defacing foreign currency “ ah ah, who made EFCC the defender of pounds and dollars?”

@prince_attah2:
“They just want him to abuse the money on them, simple!”

@adekanmbi_seun:
“@officialEFCC Chief Okoya’s son is above the law, up till now that boy hasn’t been arrested or charged to court for abusing our naira. E-money sprayed dollars in Nigeria and was arrested. I don’t understand how you guys operate.”

@jofra_sino:
“U must be kidding, he will be out in no time.”