Nigerian businessman and socialite Emeka Okonkwo, popularly known as E-Money, has broken his silence following his recent arrest and subsequent release by the Economic and Financial Crimes Commission (EFCC).
E-Money was reportedly detained on April 28, 2025, over allegations of Naira abuse and defacing foreign currencies during Obi Cubana’s 50th birthday celebration. The EFCC accused him of spraying US dollars at the event, a practice considered a violation of the Foreign Exchange Act.
In a video shared on his Instagram page, E-Money appeared in high spirits, expressing gratitude to his supporters. He captioned the post:
“No tension, Everywhere good, I see all your love and support. God bless you all.”
The arrest sparked widespread reactions online, with many questioning the EFCC’s selective enforcement of laws against currency abuse. Critics pointed out that other individuals, including the children of billionaire Razaq Okoya, had allegedly engaged in similar acts without facing legal consequences.
As of now, the EFCC has not issued an official statement regarding E-Money’s release or the outcome of their investigation. E-Money’s public acknowledgment of his supporters suggests he is moving forward, leaving the controversy behind.
