A recent article has gone viral relating to the arrest of popular businessman and socialite E-Money by the Economic and Financial Crimes Commission (EFCC).
Previously, Mansionpage reported that E-Money was arrested for supposed Naira abuse and what seems to be defacing foreign currencies, but insider Cutie Juls has revealed that this arrest occurred over an invitation that E-Money failed to honor.
Cutie Juls observed that Kcee, E-Money, and a third gentleman called Vintage were all invited by the EFCC. While Kcee and Vintage honored the invitation, E-Money was said to have ignored it.
Since then, all attempts to successfully put E-Money in the dock met failure until and in actual fact leading to his arrest on the 28th of April, 2025.
Additionally, according to Cutie Juls, credible sources are confirming that E-Money is now being flown to the EFCC headquarters in Abuja.
The EFCC’s probe into E-Money’s activities follows an avalanche of complaints regarding his lifestyle. In May 2020, the Inspector-General of Police ordered the investigation into E-Money’s ostentatious lifestyle and alleged abuse of police escorts. Reports indicate he was using them for personal assignments, which led to their withdrawal from him and the investigation into his use of police escorts (IG orders probe of E-Money, withdraws police escort – Punch Newspapers).
Officially, the EFCC has not said anything about E-Money’s arrest until now. The situation continues to develop, and we expect to provide other updates as the situation unfolds.
