Nigerian entertainment mogul Emeka Okonkwo, better known as E-Money, has found himself at the center of legal controversy after being arrested by operatives of the Economic and Financial Crimes Commission (EFCC) on April 29, 2025.
The Five Star Music boss was taken into custody at his Lagos residence in Omole over allegations of currency abuse — specifically for allegedly spraying U.S. dollars at a high-profile social event, a violation of Nigeria’s anti-mutilation laws.
E-Money, known for his flamboyant lifestyle and deep connections in both the entertainment and business worlds, was swiftly moved to the EFCC’s headquarters in Abuja for interrogation. His arrest is part of the commission’s intensified effort to clamp down on the abuse of the naira and foreign currencies in public spaces, a campaign that has ensnared several celebrities and public figures in recent months.
Following the arrest, the music executive took to social media to express appreciation for the flood of support he’s received, writing, “Thank you for the love, prayers, and messages. I see and appreciate you all.” As the EFCC continues its investigation, the public awaits an official statement and potential charges, with E-Money’s high-profile status placing this case firmly under the national spotlight.
