A recent report has emerged online revealing the reason for the arrest of renowned businessman and socialite, E-Money, by the Economic and Financial Crimes Commission (EFCC).

Earlier, Gistreel reported that E-Money was arrested by the EFCC over alleged Naira abuse and defacement of foreign currency.

In a recent development, prominent blogger, Cutie Juls claims that E-Money’s arrest stemmed from ignoring an earlier invitation from the EFCC.

According to the gossip blogger, E-Money his brother, Kcee, and Vintage were invited by EFCC, with Kcee and Vintage complying, while E-Money ignored the invitation.

However, EFCC made several attempts to arraign E-Money, but all efforts proved abortive, until his arrest on April 28, 2025.

Furthermore, Cutie Juls claims that sources close to the matter confirmed E-Money is being taken to the EFCC headquarters in Abuja.

See below….