Lagos-based socialite and entrepreneur, Emeka Okonkwo, widely known as E-Money, has honoured his pledge to reward comedian Carter Efe with N50 million following his victory over singer Habeeb Okikiola, popularly called Portable.

The prize was announced after Carter Efe defeated Portable via unanimous decision at the Chaos in the Ring 4 event, which took place at Balmoral Hall, Federal Palace Hotel, Victoria Island, Lagos.

E-Money confirmed the cash reward at the end of the event after being prompted by the Chief Executive Officer of Balmoral Group Promotions, Ezekiel Adamu.

“You know we put our money where our mouth is, and so congratulations Carter on your win. N50 million for you,” he said.

Adamu also commended the event, describing it as a successful and entertaining show that lived up to expectations.

“We promised Chaos in the Ring and we have delivered very entertaining fights tonight. There is more coming, thanks to everyone that made this a success and to the fighters for the great display,” he said.

The celebrity bout between Carter Efe and Portable served as the headline attraction of the night, following weeks of heated exchanges and public challenges between both entertainers.

Portable had earlier expressed confidence ahead of the fight, boasting that he was on course to secure a third boxing belt after previous exhibition wins over Charles Okocha and Speed Darlington.

However, in the ring, Carter Efe took control of proceedings, leveraging his height and reach advantage to outclass the singer over three rounds.

At the end of the contest, all three judges scored the bout 27–30 in favour of the comedian, crowning him the latest celebrity boxing winner.