Operatives of the Economic and Financial Crimes Commission (EFCC), have arrested business man and socialite, Emeka Okonkwo, popularly known as E-money.
The businessman was arrested on Monday night at his residence in Omole area of Lagos State, and has been transferred to the headquarters of the EFCC for questioning.
NPO Reports learnt that he was arrested over alleged currency abuse.
In a viral clip, he was seen dressed in a black agbada and traditional Igbo cap, while spraying singer, Flavour at an event with what appeared to be foreign currency.
Sources familiar with the arrest stated that the flamboyant entrepreneur may have violated sections of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act.
NPO reports that lately, the EFCC has intensified efforts to clampdown on individuals involved in similar offenses.
E-Money, is known for his lavish lifestyle and penchant for luxury, philanthropic gestures, and high-profile connections in the entertainment and business industry.