Popular Nigerian businessman and entertainment mogul, Emeka Okonkwo, better known as E-Money, has been released from the custody of the Economic and Financial Crimes Commission (EFCC) after hours of interrogation in Abuja.
E-Money was arrested late Monday night at his Lagos residence by EFCC operatives and subsequently flown to the federal capital for questioning.
The arrest followed allegations linked to currency abuse, specifically the spraying of United States dollars at public functions — a practice increasingly under scrutiny by Nigerian authorities.
Sources close to the development revealed that the EFCC acted based on viral video evidence allegedly showing the socialite openly spraying hard currency at a recent event, in contravention of the Central Bank of Nigeria’s regulations on currency handling.
Following his release on Tuesday, E-Money took to social media in what appeared to be a subtle nod to the experience.
In a short Instagram post, he shared a gospel tune with lyrics expressing gratitude — “Thank you for saving me, thank you, my Lord.” The post was not accompanied by any direct commentary, but it was enough to spark speculation and reactions online.
While EFCC is yet to formally comment on the outcome of its interrogation, it is understood that investigations are still ongoing.
There are indications that the commission may consider legal action pending further review of the evidence.
The incident has triggered mixed reactions across social media, with some Nigerians applauding the EFCC’s crackdown on currency misuse, while others question the selective nature of enforcement, especially as the culture of “spraying” money remains commonplace at parties and high-profile celebrations.