Tag: E-Money

  • E-money: Spraying naira, foreign currencies at parties unlawful

    E-money: Spraying naira, foreign currencies at parties unlawful

    Businessman E-Money has urged Nigerians to respect the Naira and avoid spraying it at parties or events, citing the Economic and Financial Crimes Commission’s (EFCC) directive against currency abuse.

    Instead, he advised celebrants to place gifts in a basket, bowl or box in front of the person being honoured.

    E-Money, on Instagram, emphasised that ignorance of the law will no longer be an excuse, encouraging people to celebrate responsibly and avoid fines.

    Read Also: E-Money celebrate freedom amid EFCC arrest

    He wrote: “Attention! The EFCC reminds us that spraying Naira (or any currency) at parties or events is against the law! Let’s celebrate responsibly and avoid fines. Respect our currency!

    “If you must give money at a party, make sure you put it in a basket, bowl, or box in front of the person at the party. Don’t drop any currency on the floor. The EFCC advises against this. Ignorance is not going to be an excuse. Let us be aware and abide by the rules since it’s the law of the land”.

    This call comes after his own recent experience with the EFCC, where he was arrested for alleged Naira abuse and dollar spraying at an event.

  • E-Money celebrate freedom amid EFCC arrest

    E-Money celebrate freedom amid EFCC arrest

    Popular businessman E-Money, has broken his silence after being released from EFCC custody.

    He was reportedly arrested on Monday night for allegedly spraying US dollars, a violation of the Foreign Exchange Act.

    Read Also: Cubana Chief Priest defends E-Money amid EFCC arrest

    In an Instagram video, E-Money expressed gratitude for the support he received, stating “No tension, Everywhere good” and praying for God’s blessings on his supporters.

    He added: “I see all your love and support. God bless you all. itistoolatetofailmen”.

  • Cubana Chief Priest defends E-Money amid EFCC arrest

    Cubana Chief Priest defends E-Money amid EFCC arrest

    Socialite Cubana Chief Priest has reacted over the arrest of singer and businessman E-Money by the Economic and Financial Crimes Commission (EFCC) over alleged Naira abuse, expressing solidarity with the Igbo entrepreneur.

    Chief Priest claimed that the arrest was driven by E-Money’s growing influence and his support for the southeast region.

    He reassured E-Money that the experience would only strengthen him and highlighted the resilience of the Igbo people. 

    Read Also: BREAKING: EFCC arrests E-Money over alleged Naira abuse

    He also vowed to continue supporting their own in the face of what he described as alleged oppression.

    He said: “This Is A Guy Who Just Did Everything To Push Up Southeast With His Just Concluded Home Coming Concert This Easter. I Knew They Will Come For Him Because The Just Saw His Strength, They Are Doing This So The Can Break Him So As To Make Him Succumb. We Don’t Die We Multiply More Billionaires Are Coming Up. @iam_emoney1 It’s Nothing Brother I Have Been There It Will Make You Stronger It’s Just Like Our Rolls Royce, Na Location For The Rich & Famous Na Status Symbol”.

    Recall that Operatives of the Economic and Financial Crimes Commission (EFCC) arrested Lagos socialite E-Money over alleged Naira abuse.

    He was picked up at his Omole residence and is being investigated for spraying US dollars at public events, which was said to have contravened provisions of the Foreign Exchange Act and regulations on currency abuse.

  • BREAKING: EFCC arrests E-Money over alleged Naira abuse

    BREAKING: EFCC arrests E-Money over alleged Naira abuse

    Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested prominent Lagos socialite, Emeka Okonkwo Daniel, popularly known as E-Money, over alleged abuse of the Nigerian currency.

    E-Money was reportedly picked up on Monday night at his residence in the Omole area of Lagos.

    Read Also: Alleged N8b deal: EFCC confirms arrest of Aisha Achimugu

    It was gathered on Tuesday that the socialite is being investigated for allegedly spraying United States dollars at public events, a practice that may contravene provisions of the Foreign Exchange Act and regulations on currency abuse.

    Details shortly…

  • E-Money last of seven siblings – KCee reveals

    E-Money last of seven siblings – KCee reveals

    Afrobeats star Kingsley Okonkwo, popularly known as KCee, has shed light on his family background during a recent appearance on the Tea With Tay podcast hosted by Temisan Emmanuel.

    KCee revealed that Lagos socialite and businessman Emeka Okonkwo, widely known as E-Money, is his youngest sibling in a family of seven children.

    The revelation came in response to questions about the Okonkwo family, prompted by the public prominence of only KCee and E-Money. 

    The host asked whether other siblings existed outside the public eye, to which KCee confirmed the presence of more siblings who prefer to stay out of the spotlight.

    Read Also: I’m sorry for accusing you of sleeping with Junior Pope’s wife, blogger begs E-Money

    KCee responded, “We have four girls and three guys. E-Money is the lastborn.”

    Delving deeper, KCee shared insights into his siblings’ lives. 

    “Our first son is a pastor who lives in Abuja. He’s not into all the social media drama; he just minds his business and serves God,” he said.

    He added that his four sisters are all happily married, with one settled in Italy with her family.

    KCee explained why he and E-Money dominate the spotlight: “For me and E-Money, we’re super close. So it often feels like it’s just the two of us in the public eye, but we’re actually a big family.”

    The revelation has sparked interest among fans, shedding light on the tight-knit yet private Okonkwo family, known primarily through the fame of KCee’s music career and E-Money’s socialite status.

  • Court dismisses N500m copyright infringement suit against Kcee, E-money

    Court dismisses N500m copyright infringement suit against Kcee, E-money

    The Federal High Court in Lagos yesterday dismissed N500 million suit instituted against singer Kingsley Okonkwo (aka KCee) and two others over alleged copyright infringement of the song “Som Too Chukwu”.

    Justice Kehinde Ogundare held that the plaintiff, Sir Jude Nnam, failed to prove the alleged infringement of his copyright work, and also awarded a punitive cost of N1 million against him.

    Also, joined as defendants in the suit are, Five Star Music Limited, and Mr. Emeka Okonkwo (a.ka. E-Money).

    The plaintiff, in his amended statement of claim, averred that he is one of the most well-known and arguably the most accomplished gospel music composers in Nigeria.

    The plaintiff added that some of the musical works created by him include the following: ‘Jesus the Navigator’, ‘Olisa’, ‘Abinci Alheri’, ‘Take and Sanctify’, ‘Surrender Your Heart to Jesus’, ‘Salelaka’, ‘Chizara M’, ‘Bring Them to the Lord’ ‘My Story’, ‘In Thanksgiving and Love’, ‘Thanksgiving of Amazing Grace’, ‘Adupe Baba’ and ‘Bomboyeti’ among others.

    The plaintiff further alleged that the defendants infringed on his copyright as well as the ownership rights to the song titled ‘Som Too Chukwu’ which he produced sometime in 2001, adding that KCEE surreptitiously included it in his music album titled ‘Cultural Praise without his consent or authorisation.

    He prayed the court for “an order of court directing the defendants to pay all the royalties accruing from the musical works titled ‘Som Too Chukwu, Otito Diri Chineke’’ and ‘K’ Anyi Jee N’’ Ulo Chukwu’ from December 2020 to the Plaintiff, and a perpetual injunction restraining, preventing and or prohibiting the defendants from further infringing on the copyright of the Plaintiff to the songs titled ‘Som Too Chukwu, Otito Diri Chineke’ and ‘K’ Anyi Jee N’ Ulo Chukwu’ by any means howsoever.

    Read Also: Court  frees commercial driver accused of killing  LASTMA official

    The defendants stated that they did not at any time produce any musical work or songs titled ‘Som Too Chukwu’ or ‘K’ Anyi Jee N’LO Chukwu which the plaintiff alleged, adding that the said phrases were from the Holy Bible  (the book of Psalms), which the claimant does not have copyright over.

    The defendants added that the beat, rhythm and music do not in any way resemble any of the claimant’s music if there is any.

    The third defendant ‘KCee’ said that as a devout Christian born into a Catholic Church family, he got his inspiration for his song Cultural Praise while reading the book of Psalms in the Holy Bible and that the plaintiff can not lay claim to the copyright of the bible.

    The Defendants also averred that the plaintiff’s claim constituted an attempt to extort the defendants and amounted to gold-digging, frivolous, and vexatious and should be dismissed with substantial costs.

    Justice Ogundare held that the plaintiff failed to prove his case of copyright infringement against the defendants. The court held that the phrase in contention was taken from the Holy Bible which the claimant can’t lay claim to.

    The judge dismissed the suit and awarded a cost of N1 million against the plaintiff.

  • I’m sorry for accusing you of sleeping with Junior Pope’s wife, blogger begs E-Money

    I’m sorry for accusing you of sleeping with Junior Pope’s wife, blogger begs E-Money

    An upcoming blogger, Stanley Okoruwa, has apologised to businessman and singer, E-Money for accusing him with having an affair with the wife of late actor, Junior Pope, Jennifer Awele.

    Days ago, E-Money initiated a search for two women and a man who claimed he had an affair with the wife of the later actor.

    Consequently, the blogger was arrested by the operatives of the Lagos State Police Command after a petition by E-Money.

    After his arrest, Stanley made another U-turn by retracting his statements and expressing regret for his actions, admitting the allegations were merely an attempt to gain followers on his Facebook page.

    He said: “I did a video about E-Money. I said a lot of things that are not true in that video, that is why the police arrested me.

    Read Also: E-money promises to train late Junior Pope’s children

    “I said something regarding a video I saw online about a woman – saying that Sir E-Money is responsible for the things that happened to Nollywood actor John Odonwodo, aka Junior Pope’s case.

    “I said something like that, I also said that Sir E-Money was also having an affair with Junior Pope’s wife. I have never in my life met E-Money. Everything I made in that video was not true.

    “I made the video out of trying to boost my page traffic level, I never knew it would go viral the way it went. I don’t intend to tarnish Sir E-Money’s name. I was just making the video, I didn’t know it would go wide.

    “I know the contents of the video were wrong of me to have made. I don’t know the video will escalate to that extent.”

    Apologising to the businessman, he said: “E-Money, I am so sorry for tarnishing your image. I only made the video that E-Money was sleeping with Junior Pope’s wife just to gain more followers on Facebook,” he stated in an interview with newsmen. 

    Lagos police spokesman SP Benjamin Hundeyin, said the blogger will be prosecuted for allegedly defaming E-Money, in his online video.

    He said E-Money followed due process by reporting to the police.

    “He is going to be prosecuted because the things he engaged in were criminal in nature. He has allegedly defamed E-money and he is going to be prosecuted,” Hundeyin stated.