Lagos-based socialite and businessman Emeka Okonkwo, popularly known as E-Money, has issued a strong warning to Nigerians, urging them to stop spraying Naira or any other currency at parties. His caution comes after being arrested and questioned by the Economic and Financial Crimes Commission (EFCC) for alleged currency abuse involving both the Naira and U.S. Dollar at public events.
In an Instagram post, E-Money emphasized the EFCC’s directive prohibiting the spraying or throwing of money during celebrations, stressing that such actions are considered currency abuse under Nigerian law. He advised Nigerians to adopt alternative ways of giving money at social gatherings, such as placing it in a basket or bowl in front of the recipient rather than dropping it on the floor.
The EFCC has ramped up enforcement efforts in recent months, increasingly targeting high-profile individuals caught publicly mishandling cash at social functions. E-Money’s warning signals a growing awareness of the legal risks associated with long-standing party traditions and serves as a reminder of the consequences of violating currency regulations.
