“Respect the Law” — E-Money Speaks After EFCC Arrest Over Naira Spraying

Popular Nigerian billionaire and businessman, Emeka Okonkwo, widely known as E-Money, has finally spoken out following his arrest by the Economic and Financial Crimes Commission (EFCC). The arrest came after viral videos showed him spraying bundles of Naira at a public event — an act considered illegal under Nigerian law. In his public statement, E-Money called on fellow Nigerians to “respect the law” while clarifying his side of the story.

What Really Happened?

E-Money, who is known for his flashy lifestyle and generous displays of wealth, was taken in by the EFCC for questioning regarding alleged abuse of the Naira. This followed a recent event where he was captured on camera spraying money in a manner that violates the Central Bank of Nigeria’s (CBN) rules on currency handling.

According to Nigerian law, spraying or throwing money at parties or events is considered a form of currency abuse. It not only damages the value of the currency but also encourages disorder and misconduct in public spaces.

E-Money’s Response: A Call for Responsibility

In his response after being released, E-Money urged the public to remain law-abiding and to always consider the consequences of their actions, especially when in the public eye. He admitted that even though his intentions may have been celebratory, he recognizes the importance of obeying national laws.

Speaking through his social media platforms, he expressed gratitude to his fans and followers for their support and reassured them that he is cooperating fully with the authorities.

A Message to Fellow Celebrities and Influencers

E-Money also used the moment to advise fellow celebrities and public figures to be mindful of their behavior, especially at public gatherings. He emphasized that wealth should not be flaunted in ways that break the law or set a bad example for the younger generation.

He noted that while generosity is a beautiful thing, there are legal and respectful ways to express it — such as gifting privately or making charitable donations.

EFCC’s Warning to the Public

The EFCC has continued its clampdown on naira abusers, making it clear that no one is above the law, regardless of status or popularity. The agency reiterated that anyone found spraying, selling, or mishandling the Naira in public will face legal consequences.

This incident serves as a reminder that Nigerian laws are active and being enforced, and that citizens must be cautious in how they handle the country’s currency.

Social Media Reacts

As expected, social media was buzzing after news of the arrest broke. While some supported the EFCC’s actions, others felt E-Money was being unfairly targeted. However, many also agreed that there is a need for change in how money is displayed during parties, weddings, and social functions across Nigeria.

Respecting the Naira: A Matter of National Pride

The Nigerian Naira is more than just currency — it is a symbol of national identity and pride. When people misuse or abuse it, it sends the wrong message both locally and internationally. E-Money’s statement and willingness to take responsibility may help educate others and reduce the culture of public money spraying. E-Money’s arrest and public statement highlight the importance of respecting national laws, no matter how influential or wealthy one may be. By choosing to speak responsibly and call for lawful behavior, he has shown leadership and humility. This moment should serve as a lesson to others about the need to celebrate within the boundaries of the law.

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