E-Money’s Arrest for Naira Abuse: A Case of Culture, Law, and the Battle for Compliance in Nigeria By Daniel Okonkwo The enforcement of laws against the abuse of the Nigerian currency, the Naira, has moved from rhetoric to reality, with high-profile arrests bringing unprecedented attention to a long-overlooked aspect of Nigeria’s cultural and legal view. The recent arrest of popular Nigerian socialite and CEO of Five Star Music, EMEKA OKONKWO DANIEL, popularly known as E-MONEY, by the Economic and Financial Crimes Commission (EFCC), for alleged Naira abuse and defacement of foreign currencies, has reignited conversations. According to reports, E-MONEY was picked up by EFCC operatives on Monday night at his residence in Lagos. He is accused of spraying US dollars at an event—an act that violates Nigeria’s Foreign Exchange Act and is also deemed a form of currency abuse under Central Bank of Nigeria (CBN) regulations. While the EFCC has not officially commented, credible sourc...
Daniel Okonkwo: A Profile in Excellence and Advocacy Founder and CEO of Profile International Human Rights Advocate and Daniels Entertainment Daniel Okonkwo stands at the intersection of media, human rights, and digital innovation. As the founder of Profile International Human Rights Advocate and the CEO of Daniels Entertainment, Daniel has dedicated his career to crafting impactful narratives and championing the cause of human rights through compelling content and strategic media initiatives.