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Nigeria: Timeline of Recent Cash Discoveries in Nigeria

April 19, 2017 11:18 AM
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Operatives of the Economic and Financial Crimes Commission (EFCC) has recovered 9.8 million US Dollars and another 74 thousand Pound Sterling in a building in Kaduna belonging to a former Group Managing Director of The Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu.

Operatives of the Economic and Financial Crimes Commission (EFCC), Kaduna zonal office, yesterday intercepted N49million cash in five large black 150kg sacks following a tip off.

The Economic and Financial Crimes Commission, Lagos zone, uncovered yet another large sum of suspected laundered money to the tune of N448,850,000 (Four hundred and forty eight million, eight hundred and fifty thousand naira) only in a shop at LEGICO Shopping Plaza, Ahmadu Bello Way, Victoria Island, Lagos.

€ 547,730 £21,090 N5,648,500 i.e about N250 million discovered at a bureau de change shop in Balogun market in Lagos.

A whistleblower yesterday led operatives of the Economic and Financial Crimes Commission (EFCC), to intercept huge sums of money in various currencies at the popular Balogun Market in Lagos. The monies include €547,730 and £21,090 as well as N5,648,500.

The Spokesman for EFCC, Wilson Uwujaren, said "investigation as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State.

"The suspected owner of the account and the account officer are currently on the run," Uwujaren said.


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