Emeka Okonkwo, the socialite better known as E-Money, has cautioned the public against naira abuse — a few days after his release from the Economic and Financial Crimes Commission (EFCC) custody.
E-Money was arrested on Monday night at his Omole residence in Lagos and taken to the EFCC’s Abuja office for interrogation. He was released the following night.
The anti-graft agency accused him of violating the Foreign Exchange Act by spraying US dollars at a social event and defacing the currency.
In an Instagram post, the socialite emphasised the legal consequences of abusing the naira or any other currency at social events.
E-Money advised partygoers to avoid spraying money, suggesting that cash be sprayed in a basket, bowl, or box before the celebrant.
He added that ignorance of the law would not be accepted as an excuse, urging Nigerians to respect the naira and adhere to EFCC regulations.
“Attention! The EFCC reminds us: Spraying Naira (or any currency) at parties/events is against the law! Let’s celebrate responsibly and avoid fines. Respect our currency,” he wrote.
“If you must give money at a party, make sure you put it in a basket or in a bowl or box in front of the person at the party don’t drop any currency on the floor.
“This is advised by the EFCC. Ignorance it’s not going to be an excuse. Let us be aware and abide to the rules since it’s the law of the land.”
