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BREAKING: EFCC arrests socialite, E-Money for Questioning over Naira abuse 

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Operatives of the Economic and Financial Crimes Commission have arrested a popular Lagos socialite, Emeka Okonkwo Daniel (a.k.a. E-Money), for allegedly abusing the Naira note.

It was gathered that he was arrested on Monday night at his residence in the Omole area of Lagos.

Sources within the commission on Tuesday said E-Money was arrested for allegedly spraying United States dollars, an act said to be in violation of the Foreign Exchange Act.

One of the sources said, “On Monday night, we arrested E-Money for Naira abuse and defacing foreign currencies.

Specifically, he was alleged to have sprayed U.S. dollars, which is against the Foreign Exchange Act.

“He was arrested at his Omole, Lagos residence. Preliminary investigations are ongoing, and he will be charged to court as soon as investigations are concluded.”

Another source who confirmed his arrest stated that E-Money is currently being flown to Abuja for questioning.

The source, who is not authorised to speak to the press, said, “Yes, he has been arrested and is being flown to Abuja as I speak, to face investigators on the issue.”

When contacted, EFCC spokesperson Dele Oyewale declined to comment on the matter.

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JUST IN: Police Find Pastor Adefarasin Innocent in Viral Gun Video Case

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The Lagos State Police Command has cleared Senior Pastor Paul Adefarasin of House on the Rock Church of any wrongdoing after a viral video showed him holding what appeared to be a firearm.

In a statement on Wednesday, police spokesperson Abimbola Adebisi confirmed that Adefarasin voluntarily reported to the Ikeja headquarters for questioning. Investigations revealed that the object in the video was a stun gun—not a lethal weapon.

“After thorough investigation, including interrogation and a cautionary statement from Pastor Adefarasin, it was established that the object was a stun gun and not a firearm. There are no sufficient grounds to proceed, and the case is discontinued,” the statement said.

The police emphasized their commitment to transparency, rule of law, and public safety.

This development contrasts with an earlier statement in June by the Lagos Commissioner of Police, Olohundare Jimoh, who noted that stun guns fall under prohibited riot control equipment and that pointing one at someone could be a criminal offense. At that time, both Adefarasin and the person allegedly threatened were set to be questioned.

The video showed the pastor in a Range Rover holding the device during an exchange. Adefarasin has maintained that he never brandished a firearm and that the object was non-lethal.

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EFCC: Yahoo Boys Fuel Stricter Visa Rules for Nigerians

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The Economic and Financial Crimes Commission (EFCC) has cautioned that increasing cases of internet fraud are leading to stricter visa restrictions for innocent Nigerians abroad.

EFCC Chairman Ola Olukoyede, represented by Chief Superintendent Coker Oyegunle, spoke on Monday at a Port Harcourt event organised by the Coalition of Nigerian Youth on Security and Safety Affairs. He stressed that fraudulent activities damage Nigeria’s reputation, causing harsher travel conditions for law-abiding citizens.

Olukoyede urged youths to focus on productive sectors like digital innovation, agriculture, and entrepreneurship, warning that “fraud is not success; it is a trap” with lasting consequences.

The EFCC recently intensified efforts against cybercrime, arresting 38 suspected fraudsters in Lagos and securing convictions in Edo State for fraud-related offences.

In July, the US reduced the validity of Nigerian visas, including business, tourism, and student visas, a move linked to the rise in fraud cases.

The commission reaffirmed its commitment to combating fraud through enforcement and community collaboration.

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Gov Alia’s Aide Abducted by Unidentified Gunmen

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The Principal Special Assistant to the Benue State Governor on Youth and Media Mobilization, Mr. Atu Terver, popularly known as Krayzeetee, has reportedly been abducted by unknown individuals.

The incident came to light late Tuesday after his wife shared an emotional post on social media, raising the alarm.

She revealed that her husband called her in a terrified voice saying, “I have been abducted, call mummy,” before his phone went unreachable.

Terver recently made headlines after dismissing one of his aides who took part in a protest against killings in Benue.

Authorities have yet to confirm the abduction or provide updates on any rescue efforts.

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