- E-Money was arrested on April 28, 2025, over allegations of currency abuse, including defacing the Nigerian naira and foreign currencies
- The socialite confirmed his freedom in a video on April 29, 2025, reassuring fans that all is well with him
- Fans reacted with amusement and support, praising E-Money's resilience amid the controversy
Popular Nigerian businessman and socialite Emeka Okonkwo, popularly known as E-Money, has broken silence following his release from the custody of the Economic and Financial Crimes Commission (EFCC).
E-Money was reportedly arrested on the evening of Monday, April 28, 2025, at his residence in Lagos by a team of EFCC officers.
The arrest was linked to allegations of currency abuse, including defacing the Nigerian naira and foreign currencies. Authorities are said to be probing the socialite for allegedly spraying U.S. dollars at a public function, a practice prohibited under Nigeria's Foreign Exchange Act.
Additionally, activist VeryDarkMan claimed in a viral video that E-Money also stepped on naira notes while spraying British pounds on singer Flavour during Obi Cubana's 50th birthday celebration, while businessman Okoya's children are still working freely.
In a video posted in E-Money's official Instagram account on April 29, 2025, he confirmed that he has regained his freedom and reassured his supporters, stating that there is no need to be tense as everything is in accord.
The clip was accompanied by the song "Thank You for Saving Me" by Emmanuel Lazarius, which has gotten many of his fans online talking.
His caption read, "No tension, Everywhere good, I see all your love and support. God bless you all. #itistoolatetofailamen.”
Reactions trail E-Money's address
@nanceemaurice wrote:” Thank God oo..”
@mocmadu wrote:” Jehovah bu Eze.”
@swankyjerry wrote: “Men mount.”
@obi_cubana wrote: “But the song sha!!!”
@georginaibeh wrote: “Haaaa this song enter well. Thank God.”
@vintagedeluxeinteriors posted: “No tension at all.”
@tanaadelana wrote: “It's too late to fail!”
@kilosbona wrote: “The EFCC office was so hot for them., welcome back nnaa.”
@ucheogbodo wrote: “You are Saved in Jesus name.”
@okpokingsley_2013 wrote: “Onye Ego who won try,my mind is now relax since I see your post sir.”
@mz_nifa posted: “The plans of the enemies (efcc) over your life will never prevail ijn Amen.”
@nappystrings posted: “No weapon formed against you shall prosper. We love and celebrate you for life my leaders-at-at-at-a.”
@samuelolaoluwapo posted: “You are too faithful to fail.”
@realgracekalu posted: “We no gree sir do live video.”
@kannyviv posted: “Na God do am laslas, Welcome back Show mover.”
EFCC declares businesswoman Aisha Achimugu wanted for money laundering
Meanwhile, TheRadar earlier reported that EFCC declared businesswoman Aisha Sulaiman Achimugu wanted over alleged money laundering and investment fraud.
Achimugu was summoned to appear at the EFCC’s Port Harcourt office on March 25, 2025, but she did not show up.
Following her failure to appear, the EFCC obtained a warrant and officially declared her wanted.