Popular businessman and socialite Emeka Okonkwo, better known as E-Money, has spoken out following his brief arrest by the Economic and Financial Crimes Commission (EFCC) over alleged abuse of the Naira and foreign currency.
E-Money was reportedly taken from his Lagos residence and flown to Abuja for questioning after videos of him spraying cash at public events went viral—an act that contravenes the Central Bank of Nigeria’s currency handling regulations. He was released later the same day.
Shortly after his release, E-Money posted a video on social media with a cautionary message:
“Attention! The EFCC reminds us: Spraying Naira (or any currency) at parties/events is against the law! Let’s celebrate responsibly and avoid fines. Respect our currency!”
He further advised:
“If you must give money at a party, make sure you put it in a basket or a bowl or container in front of the person… Ignorance is not going to be an excuse.”
His statement drew mixed reactions online—some praised his composed response, while others criticized what they saw as selective enforcement by authorities.
E-Money’s case adds to a growing list of Nigerian celebrities and public figures under scrutiny for flaunting cash at events, a practice increasingly targeted by regulatory bodies.
