Popular businessman and socialite, Emeka Okonkwo, widely known as E-Money, has been released after undergoing several hours of interrogation 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 subsequently taken to the EFCC headquarters in Abuja.
His arrest was connected to allegations of currency abuse, particularly the spraying of U.S. dollars at public events—an act that may violate Nigeria’s Foreign Exchange Act and regulations on currency handling.
The EFCC questioned him extensively on the matter before releasing him on Tuesday night.
Shortly after his release, E-Money posted a video on Instagram showing himself in a lavish setting, with a caption that read: “No tension, everywhere good. I see all your love and support. God bless you all.” The video featured a gospel song with lyrics expressing gratitude: “Thank you for saving me, thank you, my Lord.”
Pascal Okechukwu, widely known as Cubana Chief Priest, also celebrated the development on Instagram, writing, “My brother don fall out, To God be the glory.”
E-Money’s encounter with the EFCC comes on the heels of a wider crackdown on naira abuse.