Lagos is no stranger to glitz, but when Emeka Okonkwo, aka E-Money, was nabbed by the Economic and Financial Crimes Commission (EFCC) on April 28, 2025, the city’s gossip mill went into overdrive! The Five Star Music mogul, known for his flashy parties and deep pockets, allegedly crossed a line by spraying U.S. dollars at a star-studded bash, violating Nigeria’s strict Foreign Exchange Act. Buckle up, this scandal is serving drama hotter than Agege bread straight from the oven!
The EFCC wasn’t playing games. Sources spill that operatives stormed E-Money’s plush Omole mansion late Monday night, whisking him to Abuja for questioning. Videos of the alleged dollar-spraying spree flooded X, showing E-Money tossing cash like confetti at a Lagos nightclub. “Man was living his best life, now he’s in EFCC’s group chat!” one X user quipped. The clips, paired with eyewitness accounts, painted a picture of extravagance that screamed, “I’m untouchable!”, until the law said otherwise.
Video of E-Money spraying money
E-Money’s not the first celeb to face Naira abuse charges. Bobrisky and Cubana Chief Priest have danced this dance before, and now E-Money’s in the spotlight. By April 30, he was released on bail, reportedly after some high-powered connections pulled strings. He dropped a cryptic Instagram post that had fans buzzing: “No tension, only blessings. God is good!” Was it shade at his haters or a sigh of relief? You decide.
Social media is a battlefield. Some fans cry “witch hunt,” claiming the EFCC’s targeting rich Igbo men. “Why not arrest politicians first?” one X post ranted. Others aren’t buying the victim card, arguing E-Money should’ve known better. “You can’t flex dollars in Nigeria and expect a pass!” a commenter clapped back. The debate’s so heated, it’s trending alongside Coinbase glitches!

What’s next? Will E-Money face court, or is this another celebrity slap on the wrist? One thing’s sure: his larger-than-life persona, private jets, designer suits, and all, has Nigeria glued to this saga. Keep your eyes peeled for the next plot twist, because E-Money’s story is far from over!











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