Popular Lagos socialite and billionaire businessman, Emeka Okonkwo a.k.a E-Money, has been arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly abusing the Naira and spraying U.S. dollars — a serious violation under the Foreign Exchange Act.

Sources say he was picked up Monday night at his Omole residence, and has since been flown to Abuja for further questioning. Charges may follow once investigations wrap up.

This is coming amid the FG’s recent crackdown on Naira abuse and extravagant currency displays at public events.
No official statement yet from the EFCC’s spokesperson