The Economic and Financial Crimes Commission (EFCC) is preparing to charge socialite Emeka Daniel, widely known as E-Money, for allegedly defacing U.S. dollar notes.
According to multiple reports on Tuesday, EFCC operatives apprehended Daniel at his Lagos residence on Monday night and placed him in custody over an incident involving the spraying of foreign currency at a social event, though the exact date of the event remains undisclosed.
Since 2024, the EFCC has been enforcing Section 21 of the Central Bank of Nigeria (CBN) Act, which prohibits the spraying of naira notes in public.
One of the most prominent cases under this law involved Idris Okuneye, popularly known as Bobrisky, who was sentenced to six months in prison. The case made him the most searched Nigerian on Google in 2024.
Now, the EFCC is invoking the Foreign Exchange Act to clamp down on individuals who spray U.S. dollars at parties.
In January, Wahab and Raheem Okoya—sons of billionaire businessman and Eleganza Group founder, Razaq Okoya—posted a video on social media showing themselves throwing bundles of ₦1,000 notes into the air while dancing to Raheem’s song “Credit Alert.”
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The video sparked public outcry, prompting the EFCC to summon the Okoya brothers for questioning.
They appeared at the Lagos EFCC office on January 11, but the agency has not taken any public action since.
When contacted by FIJ, Dele Oyewale, EFCC’s Head of Media and Publicity, stated that investigations are ongoing and that further steps will be taken once the agency concludes its findings.
Though nearly four months have passed, the EFCC has yet to determine whether the Okoya brothers’ actions, captured on video, constitute a punishable offence under the same law being used against others.
(FIJ)
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