Popular Lagos socialite Emeka Okonkwo, better known as E-Money, was reportedly released on Tuesday evening following several hours of questioning by operatives of the Economic and Financial Crimes Commission (EFCC). He was arrested on Monday night at his residence in the Omole area of Lagos and taken to the EFCC headquarters in Abuja. Sources within the commission revealed that his arrest was linked to allegations of Naira abuse and the defacing of foreign currencies, particularly for spraying U.S. dollars in a manner that violates the Foreign Exchange Act. An EFCC official confirmed, “On 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. He was arrested at his Omole, Lagos residence. Preliminary investigations are ongoing, and he will be charged to court as soon as investigations are concluded.” Following his release on Tuesday evening, E-Money took to his Instagram handle, @iam_emoney1, to express gratitude and reassure his followers. Posing regally in his home, he wrote: “No tension, everywhere good, I see all your love and support. God bless you all.” A background track in the video featured the gospel song, “Thank you for saving me, thank you my Lord.” Fellow socialite Pascal Okechukwu, known as Cubana Chief Priest, also celebrated the development on Instagram. On his handle @Cubana_ChiefPriest, he posted: “My brother don fall out, To God be the glory.”