Eric Patrick
The Economic and Financial Crimes Commission (EFCC) has released Nigerian socialite, Emeka Okonkwo, popularly known as E-Money, on bail.
According to anonymous sources, who refused to be mentioned because he was not authorised by the Commission to discuss with the media, said that E-money was released on Tuesday and would be charged to court soon.
FirstNews on Monday reported that the Nigerian billionaire, E-Money, was arrested by the Economic and Financial Crimes Commission on allegations of naira abuse in the Omole area of Lagos State.
The Commission, however, took E-Money into custody in Abuja.
The EFCC has not released a statement over E-Money’s arrest.
Reports had it that he was spotted at a public event allegedly spraying the naira and some US dollar bills, an offence said to be contrary to Nigeria’s Foreign Exchange (Monitoring and Miscellaneous Provisions) Act.
READ ALSO:Â EFCC Arrests Lagos Socialite E-Money Over Alleged Currency Abuse
Recall that a Nigerian singer, Terry Apala was remanded over alleged abuse of the country’s banknotes.
Meanwhile, another socialite, Aisha Achimugu, was also arrested by the EFCC at the Nnamdi Azikiwe International Airport in Abuja.
Achimugu was nabbed around 5 am on Tuesday shortly after she returned from London.
The anti-graft agency had declared her wanted in March over alleged criminal conspiracy and money laundering.
The Commission had issued a stern warning that anyone found misusing the nation’s currency would face arrest and prosecution.