EFCC Intercepts N250m Cash Haul In Lagos

By Ige Olugbenga

The Economic and Financial Crimes Commission (EFCC) on Monday intercepted huge sums of money in various currencies totaling N250 million at the popular Balogun market in Lagos.

Spokesman of the EFCC, Wilson Uwujaren, who disclosed this in a statement, said the discovery followed a tip-off from a whistleblower.

Uwujaren said the intercepted currencies include €547,730, £21,090 and N5,648,500.

This comes barely three days after the commission recovered N449 million at an abandoned bureau de change in Victoria Island, Lagos.

“The interception followed information that about N250 million cash was being moved somewhere in the market for conversion into foreign currencies by unnamed persons.

“Operatives responded timely, met the money in Bureau de Change (BDC) office, but a large chunk of it had been converted into Euro and Pounds sterling.

“The BDC operators found in possession of the monies claimed they were acting on behalf of their boss who sent the money to them from one of the Northern states in Nigeria,” Uwujaren said.

He said two persons apprehended in the course of the raid were assisting the commission in its investigation.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *