How EFCC Uncovered N250m Cash At Balogun Market In Lagos

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How EFCC Uncovered N250m Cash At Balogun Market In Lagos

The Economic and Financial Crimes Commission (EFCC) on Monday uncovered over N250 million in various currencies at the popular Balogun market in Lagos.

This is coming barely days after the commission recovered about N448 million at LEGICO Shopping Plaza, Ahmadu Bello Way, Victoria Island, Lagos.

EFCC In Manhunt For Owner After Recovering N449m Inside Lagos Shopping Plaza (Watch Video)

The commission in a statement issued yesterday night disclosed that the discovery was made following a tip from a whistle blower who led operatives to intercept the 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 total haul is about N250m at the prevailing exchange rate at the parallel market,” the statement read.

“The intercept 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 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.

“Two persons apprehended in the course of the raid are helping the commission in its investigation.”

Datboyjerry

Datboyjerry

I am but your herald boy in the art of the pen.. An eccentric Environmental Biologist smouldered in the glorious epiphany of online journalism. If you ever find my article unduly insipid, sue me and i’ll refund you...

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