The Economic and Financial Crimes Commission (EFCC) has arrested well-known Nigerian businessman and music executive, Emeka Okonkwo, also known as E-Money.

According to sources, he was arrested on the night of Monday, April 28, for allegedly abusing the naira and spraying both naira and US dollars at a social event. This action goes against Nigeria’s currency laws and the Foreign Exchange Act.

Reports say E-Money was taken to Abuja for more questioning.

As of now, EFCC has not shared an official statement about his arrest.