E-Money, who is the CEO of Emmy Cargoes Nigeria Limited and Five Star Music, was arrested in Lagos State for alleged abuse of the naira.
He is being held at the EFCC facility in Lagos, according to sources who confirmed his arrest to www.mp3dailynewd.com.ng on Tuesday.
According to the source, E-Money is being investigated for allegedly spraying both Naira and US dollars at a party in Lagos in violation of Nigeria’s currency laws.