Economic and Financial Crimes Commission, EFCC, has arrested Five Star Music boss, E-Money, over alleged abuse of the Nigerian currency. 

E-Money, whose real name is Emeka Okonkwo, was arrested by the anti-graft agency in the Omole area of Lagos State yesterday and has now been taken into EFCC’s custody in Abuja.

His arrest comes after he was spotted at a public event allegedly spraying the naira and some US dollar bills, which violated Nigeria’s Foreign Exchange (Monitoring and Miscellaneous Provisions) Act.

This comes a few days after, singer, Terry Apala, was remanded by EFCC over alleged abuse of the country’s banknotes.

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