E-Money Arrested by EFCC Over Naira Abuse: Sparks Outrage, Ethnic Bias Allegations Erupt Online

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In a shocking development, Nigerian businessman and entertainment mogul Emeka Okonkwo, popularly known as E-Money, has been arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly abusing the Naira and defacing foreign currency at a high-profile public event.

According to reports, the flamboyant CEO was taken into custody following video evidence that surfaced online showing bundles of naira and foreign currency being sprayed and mishandled during the celebration.

EFCC officials confirmed that the arrest is part of an ongoing clampdown on currency abuse, which has become rampant at social events across Nigeria.

The incident has sparked intense debate on social media, with reactions pouring in from celebrities and activists.

Popular online personality Verydarkman has taken to social media to condemn what he calls a “double standard” by the EFCC. In a strongly worded video, he demanded that the children of billionaire industrialist Rasaq Okoya also be prosecuted for similar currency abuse, or that E-Money should be immediately released.

“I’m beginning to believe that there might be a vendetta against the Igbos,” Verydarkman stated.

“E-Money is in EFCC custody, but Okoya’s children are walking free. This is looking less like justice and more like selective persecution.”

His comments have ignited a firestorm of conversation online, with hashtags like #FreeEMoney and #SelectiveJustice trending on Nigerian X (formerly Twitter).

While many have condemned the practice of spraying money at events, others have raised concerns about ethnic profiling and unequal application of the law.

E-Money, known for his flashy lifestyle, philanthropic gestures, and heavy influence in the entertainment industry, has yet to make a public statement.

As of this report, he remains in EFCC custody.

The EFCC has not released an official charge sheet but reaffirmed its commitment to upholding laws against currency abuse, irrespective of status or social influence.

As tensions rise, Nigerians wait to see whether this arrest marks a turning point in how high-profile figures are treated—or a continuation of a troubling pattern.