The Economic and Financial Crimes Commission (EFCC) has arrested a socialite and music mogul, E-Money (real name Emeka Okonkwo Daniel), over alleged money laundering.
E-Money was reportedly arrested on Monday night at his residence in the Omole area of Lagos.
It was gathered on Tuesday that the socialite is being investigated for allegedly spraying United States dollars at public events, a practice that may contravene provisions of the Foreign Exchange Act and regulations on currency abuse.
Already, the Commission said a preliminary investigation is ongoing, revealing that E-Money could be charged in court upon conclusion.
Naija Daily News learnt that E-Money, who is the older brother of singer and Limpopo exponent, KCee was flown to Abuja from Lagos for further interrogation by EFCC investigators.
When contacted, EFCC spokesperson Dele Oyewale declined to comment. However, credible sources within the Commission have confirmed both the arrest and the ongoing investigation.
E-Money, who hails from Uli in Anambra State, is a music mogul and oil and gas merchant who operates from Lagos.
He is famous for his lavish lifestyle, philanthropy, and partying.
