Controversial activist VeryDarkMan has accused the Economic and Financial Crimes Commission (EFCC) of ethnic targeting following the arrest of Lagos businessman and socialite, Emeka Okonkwo, popularly known as E-Money.
In a viral video, VeryDarkMan suggested that the EFCC may be singling out individuals of Igbo descent for enforcement actions. “E-Money is in EFCC custody allegedly… I’m beginning to believe there might be a vendetta against the Igbos,” he said, referencing the continued freedom of other wealthy Nigerians like the children of industrialist Razaq Okoya.
E-Money was arrested Monday night at his Omole residence in Lagos. According to EFCC sources, he is being held for allegedly spraying U.S. dollars at a social event—an offense under Nigeria’s Foreign Exchange Act, which prohibits the defacement or abuse of currency.
“He was arrested for Naira abuse and spraying foreign currency, specifically U.S. dollars, in public,” a source said, confirming that he was flown to Abuja for further questioning.
The development comes months after a similar arrest of nightlife promoter Pascal Okechukwu, aka Cubana Chief Priest, who also faced EFCC scrutiny for spraying cash at events. Both men are from the Southeast, fueling concerns of regional bias in law enforcement.
While the EFCC has yet to officially comment on E-Money’s case, legal experts insist that the law applies to all citizens and that high-profile figures must lead by example. Still, critics argue that public displays of wealth are common across Nigeria, and enforcement appears inconsistent.
As E-Money undergoes interrogation, the case is drawing national attention, stoking debate over fairness, ethnicity, and the rule of law.
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