Alleged Naira Abuse: EFCC releases E-Money on bail
The Economic and Financial Crimes Commission has released Nigerian socialite and businessman Emeka Okonkwo, popularly known as E-Money, on bail following his arrest over alleged naira abuse.
E-Money was taken into custody by the EFCC on Tuesday, April 28, after being arrested late Monday night at his residence in the Omole area of Lagos.
He was then moved to the EFCC’s headquarters in Abuja.
The socialite was said to have allegedly sprayed naira at a public event, including United States dollars, thereby also violating Nigeria’s Foreign Exchange (Monitoring and Miscellaneous Provisions) Act.
After regaining his freedom, E-Money shared a calm update via his Instagram handle.
The businessman was seen at home with a gospel track playing softly in the background.
“No tension, everywhere good. I see all your love and support. God bless you all,” he wrote.
Likewise, fellow socialite Pascal Okechukwu, aka Cubana Chief Priest, also took to Instagram to celebrate E-Money’s release.
He wrote, “My brother don fall out. To God be the glory.”
The anti-graft agency has been cracking down hard on individuals accused of abusing the Nigerian currency.
Just days ago, singer and rapper Terry Apala was remanded in custody over alleged Naira abuse.
He joins a growing list of entertainers and public figures facing similar charges.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Heading 1
LG Poll: Lagos APC okays indirect primaries for selection of chairmanship, councillorship candidates
The party directed that all accredited party delegates must present their APC membership cards, and corresponding PVCs linked to their LG wards.
States
Ondo vaccinates 720 hajj pilgrims against yellow fever, meningitis
Mr Chaddy-Adam, therefore, called on the intending pilgrims to go along with their faith, belief and fear of Allah for a successful exercise.
States
Financial Inclusion: Kaduna targets three million new bank accounts by year end
Mr Sani stated, “True financial inclusion is about granting individuals and communities the means to participate meaningfully in the economy.’’
States
Court dissolves teacher’s marriage over wife’s stubbornness, sexual starvation
The court’s president ordered the duo to go their separate ways in the interest of peace.
Diaspora
Delta weapon smuggler linked to Olu of Warri not serving member of UK Armed Forces: British High Commission
The commission said, “We have a common law and Data Protection Act duty to protect the personal details of our current and former employees.’’
Hot news Home top
Court orders EFCC to release Sanwo-Olu ally, Aisha Achimugu, within 24 hours
The EFCC’s operatives arrived at the court with Ms Achimugu on Wednesday as ordered by the court.
