Reports from Dailypost have it that Dammy Krane have been charged to court after he was arrested in Miami, United States for grand theft and credit card forgery.
However, the private Jet company, Tapjet, which the singer allegedly defrauded has also confirmed the lawsuit against Dammy Krane.
Also, a defense attorney named Deborah Prager has been appointed to represent the Nigerian singer in court.
Under the prevalent Florida law, grand theft is a felony offense, with penalties that may include prison, probation, fines, restitution and a permanent criminal record.
The singer posted some tweets on saturday morning which neither confirmed nor refuted his arrest.
The EFCC on their own part has said in a tweet: "Ladies and gentlemen, please do not mortgage your future in exchange for the transient thrill of ostentatious display.#EmbraceYourTruth."
A curious fan who wanted to know more quickly asked for a simpler explanation of and of course the EFCC responded: "No dey live fake life unto say you wan flex for the gram. Nothing concine bicycle with petrol station. Respect your name. maintain your level."
See tweet below: