{"id":7304,"date":"2025-04-29T12:52:03","date_gmt":"2025-04-29T12:52:03","guid":{"rendered":"https:\/\/moonraynews.com\/?p=7304"},"modified":"2025-04-29T12:52:04","modified_gmt":"2025-04-29T12:52:04","slug":"revealed-the-real-reason-efcc-arrested-e-money","status":"publish","type":"post","link":"https:\/\/moonraynews.com\/?p=7304","title":{"rendered":"REVEALED: The Real Reason EFCC Arrested E-Money"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>The Economic and Financial Crimes Commission (EFCC) has arrested popular Nigerian businessman and music executive, Emeka Okonkwo, widely known as E-Money.<br><br>E-Money, who is the CEO of Emmy Cargoes Nigeria Limited and Five Star Music, was taken into custody on Tuesday morning in Lagos over alleged abuse of the naira and defacing foreign currency.<br><br>According to sources within the anti-graft agency, E-Money is under investigation for spraying both naira and United States dollars at a social event in Lagos, which violates Nigeria\u2019s currency laws and the Foreign Exchange Act.<\/p>\n\n\n\n<p>\u201cOn 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,\u201d a source within the EFCC said.<br><br>Another source, who confirmed the arrest, added that E-Money was being transported to Abuja for further questioning.<br><br>\u201cYes, he has been arrested and is being flown to Abuja as I speak, to face investigators on the issue,\u201d the official said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Economic and Financial Crimes Commission (EFCC) has arrested popular Nigerian businessman and music executive, Emeka Okonkwo, widely known as E-Money. E-Money, who is the CEO of Emmy Cargoes Nigeria Limited and Five Star Music, was taken into custody on Tuesday morning in Lagos over alleged abuse of the naira and defacing foreign currency. According<\/p>\n","protected":false},"author":1,"featured_media":7305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[49],"tags":[797,796,795],"class_list":{"0":"post-7304","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-e-money","9":"tag-efcc-and-emoney","10":"tag-revealed-the-real-reason-efcc-arrested-e-money"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.10 (Yoast SEO v24.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>REVEALED: The Real Reason EFCC Arrested E-Money - Moon Ray News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/moonraynews.com\/?p=7304\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"REVEALED: The Real Reason EFCC Arrested E-Money\" \/>\n<meta property=\"og:description\" content=\"The Economic and Financial Crimes Commission (EFCC) has arrested popular Nigerian businessman and music executive, Emeka Okonkwo, widely known as E-Money. E-Money, who is the CEO of Emmy Cargoes Nigeria Limited and Five Star Music, was taken into custody on Tuesday morning in Lagos over alleged abuse of the naira and defacing foreign currency. According\" \/>\n<meta property=\"og:url\" content=\"https:\/\/moonraynews.com\/?p=7304\" \/>\n<meta property=\"og:site_name\" content=\"Moon Ray News\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-29T12:52:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-29T12:52:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/moonraynews.com\/wp-content\/uploads\/2025\/04\/IMG_9277.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"540\" \/>\n\t<meta property=\"og:image:height\" content=\"361\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Online Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Online Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/moonraynews.com\/?p=7304\",\"url\":\"https:\/\/moonraynews.com\/?p=7304\",\"name\":\"REVEALED: The Real Reason EFCC Arrested E-Money - Moon Ray News\",\"isPartOf\":{\"@id\":\"https:\/\/moonraynews.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/moonraynews.com\/?p=7304#primaryimage\"},\"image\":{\"@id\":\"https:\/\/moonraynews.com\/?p=7304#primaryimage\"},\"thumbnailUrl\":\"https:\/\/moonraynews.com\/wp-content\/uploads\/2025\/04\/IMG_9277.jpeg\",\"datePublished\":\"2025-04-29T12:52:03+00:00\",\"dateModified\":\"2025-04-29T12:52:04+00:00\",\"author\":{\"@id\":\"https:\/\/moonraynews.com\/#\/schema\/person\/a32838fdffd6e8f96ecad7d48449cff6\"},\"breadcrumb\":{\"@id\":\"https:\/\/moonraynews.com\/?p=7304#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/moonraynews.com\/?p=7304\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/moonraynews.com\/?p=7304#primaryimage\",\"url\":\"https:\/\/moonraynews.com\/wp-content\/uploads\/2025\/04\/IMG_9277.jpeg\",\"contentUrl\":\"https:\/\/moonraynews.com\/wp-content\/uploads\/2025\/04\/IMG_9277.jpeg\",\"width\":540,\"height\":361},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/moonraynews.com\/?p=7304#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/moonraynews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"REVEALED: The Real Reason EFCC Arrested E-Money\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/moonraynews.com\/#website\",\"url\":\"https:\/\/moonraynews.com\/\",\"name\":\"Moon Ray News\",\"description\":\"...in view of restructuring.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/moonraynews.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/moonraynews.com\/#\/schema\/person\/a32838fdffd6e8f96ecad7d48449cff6\",\"name\":\"Online Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/moonraynews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8884e1ba8bd630f2bc99a7de9548ca4a?s=96&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8884e1ba8bd630f2bc99a7de9548ca4a?s=96&r=g\",\"caption\":\"Online Editor\"},\"sameAs\":[\"https:\/\/moonraynews.com\"],\"url\":\"https:\/\/moonraynews.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"REVEALED: The Real Reason EFCC Arrested E-Money - Moon Ray News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/moonraynews.com\/?p=7304","og_locale":"en_US","og_type":"article","og_title":"REVEALED: The Real Reason EFCC Arrested E-Money","og_description":"The Economic and Financial Crimes Commission (EFCC) has arrested popular Nigerian businessman and music executive, Emeka Okonkwo, widely known as E-Money. E-Money, who is the CEO of Emmy Cargoes Nigeria Limited and Five Star Music, was taken into custody on Tuesday morning in Lagos over alleged abuse of the naira and defacing foreign currency. According","og_url":"https:\/\/moonraynews.com\/?p=7304","og_site_name":"Moon Ray News","article_published_time":"2025-04-29T12:52:03+00:00","article_modified_time":"2025-04-29T12:52:04+00:00","og_image":[{"width":540,"height":361,"url":"https:\/\/moonraynews.com\/wp-content\/uploads\/2025\/04\/IMG_9277.jpeg","type":"image\/jpeg"}],"author":"Online Editor","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Online Editor","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/moonraynews.com\/?p=7304","url":"https:\/\/moonraynews.com\/?p=7304","name":"REVEALED: The Real Reason EFCC Arrested E-Money - Moon Ray News","isPartOf":{"@id":"https:\/\/moonraynews.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/moonraynews.com\/?p=7304#primaryimage"},"image":{"@id":"https:\/\/moonraynews.com\/?p=7304#primaryimage"},"thumbnailUrl":"https:\/\/moonraynews.com\/wp-content\/uploads\/2025\/04\/IMG_9277.jpeg","datePublished":"2025-04-29T12:52:03+00:00","dateModified":"2025-04-29T12:52:04+00:00","author":{"@id":"https:\/\/moonraynews.com\/#\/schema\/person\/a32838fdffd6e8f96ecad7d48449cff6"},"breadcrumb":{"@id":"https:\/\/moonraynews.com\/?p=7304#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/moonraynews.com\/?p=7304"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/moonraynews.com\/?p=7304#primaryimage","url":"https:\/\/moonraynews.com\/wp-content\/uploads\/2025\/04\/IMG_9277.jpeg","contentUrl":"https:\/\/moonraynews.com\/wp-content\/uploads\/2025\/04\/IMG_9277.jpeg","width":540,"height":361},{"@type":"BreadcrumbList","@id":"https:\/\/moonraynews.com\/?p=7304#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/moonraynews.com\/"},{"@type":"ListItem","position":2,"name":"REVEALED: The Real Reason EFCC Arrested E-Money"}]},{"@type":"WebSite","@id":"https:\/\/moonraynews.com\/#website","url":"https:\/\/moonraynews.com\/","name":"Moon Ray News","description":"...in view of restructuring.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/moonraynews.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/moonraynews.com\/#\/schema\/person\/a32838fdffd6e8f96ecad7d48449cff6","name":"Online Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/moonraynews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8884e1ba8bd630f2bc99a7de9548ca4a?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8884e1ba8bd630f2bc99a7de9548ca4a?s=96&r=g","caption":"Online Editor"},"sameAs":["https:\/\/moonraynews.com"],"url":"https:\/\/moonraynews.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/moonraynews.com\/index.php?rest_route=\/wp\/v2\/posts\/7304"}],"collection":[{"href":"https:\/\/moonraynews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moonraynews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moonraynews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moonraynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7304"}],"version-history":[{"count":1,"href":"https:\/\/moonraynews.com\/index.php?rest_route=\/wp\/v2\/posts\/7304\/revisions"}],"predecessor-version":[{"id":7306,"href":"https:\/\/moonraynews.com\/index.php?rest_route=\/wp\/v2\/posts\/7304\/revisions\/7306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moonraynews.com\/index.php?rest_route=\/wp\/v2\/media\/7305"}],"wp:attachment":[{"href":"https:\/\/moonraynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moonraynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moonraynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}