Billionaire businessman and Lagos socialite, E-Money, has reportedly been released from the custody of the Economic and Financial Crimes Commission (EFCC).
TheNewsGuru earlier reported that the popular Lagos socialite, E-Money was arrested for allegedly abusing the Naira note.
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.”
However, Cubana Chief Priest in a post on Instagram on Tuesday night, announced that E-Money has been released.
The post reads: “@Iam_emoney1, My brother don fall out, to God be the Glory @officialefcc, CP loves you no Diddy. Eagle bu nke anyi ofufe for life.”