E-Money Released After Brief EFCC Detention
Emeka Okonkwo, better known as E-Money, has been granted bail after being taken into custody by the Economic and Financial Crimes Commission (EFCC).
A reliable source, who preferred to remain anonymous, confirmed that E-Money was released on Tuesday and is expected to face legal proceedings soon.
His arrest took place earlier that day in the Omole area of Lagos and was reportedly tied to incidents involving the public handling of both naira and dollar notes—an act considered unlawful under existing financial laws.
He was transferred to EFCC’s office in Abuja for questioning. The commission has yet to issue an official statement on the matter.
This development follows a recent string of arrests involving high-profile individuals accused of mishandling the nation’s currency. Just days ago, musician Terry Apala was also remanded on similar allegations.
Meanwhile, another well-known figure, Aisha Achimugu, was apprehended at the Abuja airport upon her return from London in the early hours of Tuesday. She had been declared wanted by the commission back in March over suspicions of financial misconduct and conspiracy.
Her legal representative, Chikaosolu Ojukwu (SAN), confirmed her arrest, describing it as a breach of a prior court agreement. According to Ojukwu, Achimugu had flown back voluntarily in line with court expectations but was still detained on arrival.
In protest, she has reportedly begun a hunger strike, with her lawyer referring to her as “a prisoner of conscience.”
Her arrest happened just one day after a court order mandated her appearance before the EFCC and the Federal High Court in Abuja.
