E-Money, Notable Nigerian Businessman, Released by EFCC

E-Money, a Lagos socialite and music executive, was purportedly freed from the Economic and Financial Crimes Commission’s (EFCC) custody.
According to reports, E-Money was detained by the EFCC on charges of defacing foreign currencies and misusing the Naira currency.

Commission sources claim that E-Money was arrested Monday evening at his home in Lagos’ Omole neighborhood.

The arrest comes after claims that the socialite violated the Foreign Exchange Act by reportedly participating in the unlawful practice of showering US dollars.

The launching of E-Money was announced by famous bartender Pascal Okechukwu, also known as Cubana ChiefPriest, in an Instagram post on Tuesday night.

Meanwhile, Nigerian musician Kingsley Okonkwo, better known by his stage name Kcee, has said that he became financially successful before his younger brother, Emeka Okonkwo, better known by his stage name E-Money.

The musician claims that his millionaire businessman, who was once his manager, is now wealthier than he is.

Read Also: Breaking: FG Confirms May 1 as Public Holiday to Mark Workers’ Day

Kcee revealed this when she recently appeared on the Tea With Tay podcast. He claimed to have been one of the sponsors of E-Money’s nuptials.

He considered that he would have been wealthier if he had applied the same kind of commitment to business as he did to music.