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E-Money, the flamboyant Lagos businessman, has reportedly been released after a night in EFCC custody over allegations of Naira abuse and defacing foreign currency.

  • E-Money was arrested Monday night in Omole, Lagos
  • EFCC alleges he sprayed dollars at public events
  • He was moved to Abuja for questioning
  • Celebrated his release on Instagram with a gospel tune
  • EFCC has yet to confirm his release officially

The EFCC’s arrest of E-Money adds to growing scrutiny of celebrities’ public displays of wealth, especially acts like spraying money, which contravenes Nigeria’s currency laws. His quick social media rebound suggests confidence, but with investigations ongoing, the case isn’t closed. His friend Cubana Chief Priest celebrated his return online, but silence from the EFCC raises more questions than answers.