E-Money Arrested by EFCC Over Alleged Naira Abuse

Emeka Okonkwo, Nigerian businessman and socialite, also known as E-Money, has been arrested by the Economic and Financial Crimes Commission (EFCC) over alleged abuse of the Nigerian currency.

According to reports, EFCC officials picked up e-money in Lagos on Monday, April 29, 2025. The arrest is linked to allegations that he mishandled or disrespected the Naira, which is considered a serious offense under Nigerian law.

Although full details of the case have not yet been released, EFCC sources confirmed that investigations are ongoing. It is expected that more updates will be made available to the public soon.

Who Is E-Money?

E-Money is a well-known figure in Nigeria’s entertainment and business scene. He is the CEO of Five Star Group and is famous for his luxurious lifestyle, often showcasing his wealth and expensive possessions on social media.

What Happens Next?

As of now, E-Money remains in EFCC custody while investigations continue. Nigerians and fans are eagerly waiting for official statements from E-Money’s legal team and the EFCC on the next steps.