- E-Money, is a prominent Nigerian businessman and socialite.
- He was recently released from custody by the EFCC.
- E-Money was arrested on April 28, 2025, at his Lagos residence.
Popular Nigerian businessman and socialite Emeka Okonkwo, widely known as E-Money, has addressed the public following his release from the custody of the Economic and Financial Crimes Commission (EFCC).
E-Money was reportedly arrested on the evening of Monday, April 28, 2025, at his residence in Lagos by a team of approximately 50 EFCC officers. His arrest was linked to allegations of currency abuse, including defacing the Nigerian naira and foreign currencies.
Authorities are said to be probing the socialite for allegedly spraying U.S. dollars at a public function—a practice prohibited under Nigeria’s Foreign Exchange Act. Additionally, activist VeryDarkMan claimed in a viral video that E-Money also stepped on naira notes while spraying British pounds on singer Flavour during Obi Cubana’s 50th birthday celebration.
In a newly surfaced video released on April 29, 2025, E-Money confirmed that he has regained his freedom and reassured his supporters, stating that “there is no tension” and that “everything is fine.” The clip was accompanied by the song “Thank You for Saving Me” by Emmanuel Lazarius, a gesture that amused many of his fans online.
The billionaire socialite wrote; “No tension, Everywhere good, I see all your love and support. God bless you all.❤️❤️ #itistoolatetofailamen🙏🏿.”
Watch the video below;
