Nigeria, May 2 -- Nigerian businessman and socialite Emeka 'E-Money' Okonkwo has cautioned Nigerians against spraying currency at social events.

PREMIUM TIMES reported that the Economic and Financial Crimes Commission (EFCC) arrested E-Money at his residence in Omole, Lagos, on Monday over alleged currency mutilation.

He was subsequently released by the anti-graft agency on Tuesday following interrogation at the Commission's headquarters in Abuja.

Three days after celebrating his release, the 44-year-old stressed that spraying the Naira or any other currency at parties amounts to currency abuse and is punishable under the law.

In a statement on his Instagram page on Thursday, the businessman stated that the EFCC disapproved of money s...