Carter Efe has officially received the ₦50 million reward promised by businessman and socialite Emeka “E-Money” Okonkwo after defeating Portable in the highly publicised Chaos in the Ring 4 celebrity boxing event in Lagos.

The much-anticipated fight, held on Friday, May 1, 2026, at Balmoral Hall inside the Federal Palace Hotel in Victoria Island, quickly became one of Nigeria’s biggest entertainment highlights of the year. Many fans expected Portable, known for his aggressive approach and previous wins against Speed Darlington and Charles Okocha, to dominate once again. Instead, Carter Efe delivered a surprising performance that earned him victory after three rounds.

Using his height and reach effectively, the comedian controlled the fight with calm movement, accurate jabs, and well-timed punches that kept Portable under pressure throughout the match. At the end of the contest, the judges unanimously scored the bout 30-27 in favour of Carter Efe, marking Portable’s first defeat in celebrity boxing.

After the fight, E-Money announced a ₦50 million cash gift for the winner, drawing praise online from fans who applauded his support for entertainment and celebrity sports in Nigeria. However, controversy emerged days later when Carter Efe revealed during a livestream that he had not yet received the promised money, leading to widespread speculation on social media.

The uncertainty was finally resolved on Wednesday night when Carter Efe visited E-Money’s residence with members of his team to officially collect the cheque. Videos circulating online showed the comedian celebrating excitedly with friends and supporters as the presentation took place.

Portable also reacted strongly after the loss. During an Instagram livestream, the singer alleged that the match was unfair and demanded a rematch, while also requesting ₦200 million in streaming revenue. He later suggested that he intentionally allowed Carter Efe to win for business reasons, a claim that sparked further debate online.

Despite the defeat, Portable attempted to shift attention by announcing the birth of his new baby boy, telling fans that family was more valuable than championship belts.

Meanwhile, Carter Efe appears ready for bigger opportunities. Reports suggest that a title defence may take place on October 1, while the comedian has also hinted at ambitions of taking his boxing career beyond Nigeria. The growing popularity of celebrity boxing continues to generate excitement across the country, with Chaos in the Ring becoming one of the most talked-about entertainment events in recent times.