Popular Nigerian businessman and music executive, Emeka Okonkwo, famously known as E-Money, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC).

Sources within the commission confirmed that E-Money was picked up on the night of Monday, April 28, over alleged abuse of the naira and defacing of foreign currency. He is currently under investigation for allegedly spraying both naira and United States dollars at a recent social event — an act considered a violation of Nigeria’s currency laws and the Foreign Exchange Act.

The businessman, known for his flamboyant lifestyle and association with top figures in the entertainment industry, was reportedly flown to Abuja for further questioning.

As of the time of filing this report, the EFCC is yet to issue an official statement on the arrest.